Morrington House, by Dumfries, is a beautifully restored country house.

The ground floor boasts a drawing room, morning room, dining room, library, sunroom, conservatory, kitchen, laundry and stores.

Upstairs, there are seven bedrooms.

"We had it at offers over £950,000 or £975,000 but now it's dropped down to £890,000," said Mr Macnab.

"It's the classic scenario – our client had two good offers both well over £1 million last year and he turned them both down because he thought we were in a rising market. Then the market turned against us so we recommended that he reduces his price to get the sale through."

Worrying estate of affairs as credit crunch takes toll on country piles.. Looks like the top end of the Scottish market isn't as insulated from the global economy as they'd like us to believe.

I particularly liked this part:

Cheers Scunnered, reading that made my day.

Love hearing aboutgreedy people getting it up the shitter, and they don't come much better than that.

Meanwhile, a Nationwide survey has shown the number of people who believe now is a good time to buy a house is at its highest for a year because of the credit crunch.

Of 1,000 people asked, 18 per cent thought it was an opportune time, the highest level since July 2007.

A spokesman for the building society said: "Consumers may start thinking it is a good time to get a discount in the buyers' market and expectations about house-price growth improved very slightly from May."