Slightly OT, but the local rag popped through the door yesterday ("The Herald"), which serves Bishops Stortford, Sawbridgeworth, Harlow - with the headline that BS & Harlow are the 5th & 4th most indebted towns in the UK.
So we can safely say that the CC squeeze will hit this area hard, with little spare cash around. Evidence? Prior to 09/08/07, Rightmove had around 46 entries for sale in my search (everything in Sawbridgeworth plus one mile - and this did include duplicates).
Since then, it's been rising steadily & now stands at 86 (inc. dupes) and NOTHING is moving (in fact, a cottage in High Wych has come back on after disappearing for 3 months).
As I've said before, this is prime commuter town (1hr door to door to the City), and PropertyBee is showing 5-10% reductions already, and the crash is only just waking up, and prior to mortage deals really drying up.
Poor wee souls...