The Mail's report on the continuing collapse in prices of new flats in those blocks that have sprung like mushrooms across the south-east should surprise no one. Did their buyers never wonder why the sales prices were a third higher than equivalent Victorian and Edwardian properties nearby? Did they never ask who was actually paying for the 30% - 35% of units to be built as 'social housing'? Now of course private owners of flats in these blocks are waking up to the fact that a third of their monthly mortgage payments are buying the flat for the housing association tenants down the landing.
Just another stealth tax.