Sunday, October 21, 2007
Rude health, rude what? stop the spin! an iperinflated market is crashing!
After years of rude health, the country-house market is taking a battering. Allison and Andrew Johnson have just slashed £55,000 off the asking price of their Queen Anne country house in Staffordshire. Such a turnaround in the market has led Bidwells, a specialist rural agency in the east of England, to slash its price-growth forecast for 2007 by half, to 4%. It says prices of rural properties in Suffolk, Essex and Cambridgeshire have all dropped by as much as 3.9% since the summer. YIEEPPIEEEEEEEEEE!!!