Flat wrong

Menary, Steve

Flat wrong - 2006 - HouseBuilder 65(1) January/February 2006, 35-36(2) .

Reports on the results of the 2005 "HouseBuilder" house type survey which shows the number of flats being built continuing to rise despite the dip in housing starts. Flats comprised 37.5% of the total units applied for during 2005. Fears of an oversupply are driving some developers to reduce their exposure in the market for apartments. Suggests that boom in flat building has been fuelled by over-valuation of apartment properties for investors. Table covers 2005 planning applications by house type.