Taking a lead from the high street, the estate agency Countrywide has held a one-day sale of property, apparently offering discounts of up to 40%. Some people queued all night to buy properties, mostly belonging to developers or builders who were desperate to get them off their hands.
I can see the logic behind this, but rather than get the market moving, as Countrywide claim, I think it's just likely to depress prices even further, which is not what we sellers need right now.
I can see the logic behind this, but rather than get the market moving, as Countrywide claim, I think it's just likely to depress prices even further, which is not what we sellers need right now.
