Saturday, May 24, 2008
Only the cream of Cornwall's homes are holding their price
The Times: The Cornish property boom is over - except for the rich
Good news for children going on a Cornish holiday this summer: there will be no trips to the estate agents, no traipsing around houses for sale. The credit crunch and falling prices have scared off all but the most serious buyer.
Posted by kaneo @ 12:13 AM (294 views) Add Comment
2 Comments
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1. Davros said...
Article written by Susan Emmett. The irony.
2. Will said...
Knight Frank are eternal optimists, but do they live in the real world. They constantly tell us that our region will not be hurt. If the bulk of buyers cease to come to the West Country to buy their second homes anymore, then why would the clever rich buyers ignore what is going on benteath them in the market - after all even the rich have to sell on to someone else. It makes no sense at all for the rich just to throw their money away - does it?