Tuesday, January 8, 2008
London buyers are drying up fast
The number of buyers looking for new homes in London has hit one of its lowest levels for three years. "The credit crunch has made people take a step back and adopt a more balanced approach. There is now a more healthy balance between buyers and sellers." A straw poll of other estate agents in London showed most now have fewer buyers and sellers on their books than a year ago." Douglas and Gordon has seen a 30 per cent fall in both. Director Ed Mead said he expected the number of buyers to continue falling as people held on for better deals.