Saturday, March 17, 2007
Reached the top and come to a stop?
'The property market has come to a near standstill with the supply of homes for sale the lowest for 10 years, research by The Daily Telegraph shows. Experts yesterday warned that the market was "gridlocked"... Mark Rimell, partner in charge of Buckinghamshire and Hertfordshire in the country house department of Strutt & Parker, said: "There is a gridlock situation developing, where properties are jammed because people who want to move can't find what they want, so they don't put their own house on the market."' Properties not being put on the market because people who want to trade up but don't have to move can't find what they want for a price they are prepared to pay, and are waiting for a drop, perhaps?