Wednesday, 12 March 2008

Houseprice crash

Estate Agents are reported to have more properties on thier books now than at any times since records began in 1978

Last year we predicted a repeat of the crash of 89 though even as late as June colleagues tried to deny it would ever happen though once the Northern Rock fiasco sufaced some, but not all, did change thier tune

We recently heard of a property having been advertised for £335,000, reduced to £325,000 receiving a bid of £240,000 which is, or was being considered! How house prices fall!

The guy who made the bid reckoned he would get the property for £250,000!

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