Would you buy a property you haven’t seen? I wouldn’t, and I think most MoneyWeek readers wouldn’t either.
But others would. “Buy-to-let investors are increasingly buying properties that won’t be completed for many months if not years,” says Claire Carponen in The Times. And that’s not just the case in central London. Even in Manchester – which only a few years ago was awash with unwanted two-bedroom new-builds – there is a severe shortage of stock: “there are only 39 new-builds available to buy in Manchester city centre.”
Add in the fact that rising house prices have allowed [...]
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