Empty promises

Joey Gardiner, Regeneration & Renewal, 31 August 2007

Thousands of new "city living" apartments are appearing in our urban centres, holding out the prospect of home ownership for young professionals and first-time buyers at a time of record house prices. But a high proportion, bought and mothballed by distant property investors, are standing empty. Joey Gardiner explores a strange and damaging dynamic in our overheated property market.

City Island, in Leeds, exemplifies the rash of new city living apartments springing up in many of our northern towns and cities. The 404 modern one- and two-bed flats, built...

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