2013 was the peak of the last property market, with all the havoc that often implies. As cooling measures swept in, many developments – especially new launches at the time – took a nosedive. Now if you’re buying in 2021, this is a pertinent question:
Could new launches also see a sharp drop in price, if cooling measures kick in overnight? And if they do, does it mean the first few buyers get “burned”?
We took a look at developments that saw prices drop in 2013/14, to see whether they’ve recovered. The following developments have all seen a gradual pick-up in prices again, but to varying degrees:
How did we derive data for the following?
We have stuck to developments with new sales in 2013/14. In addition, we have kept to developments where transaction volumes in 2014 are greater than in 2013....