Friday, October 8, 2010
North East property price plunge
The impact of the economic downturn on North East property prices is revealed today, with homes in some of the regions most desirable postcodes plunging by up to 45%, while those elsewhere have held their value. An investigation by The Journal has revealed how some householders have been forced to reduce their asking prices to more realistic levels. One of the most affected areas identified by estate agents is the exclusive Darras Hall estate in Ponteland, Northumberland, where many have seen hundreds of thousands of pounds taken off the value they put on their homes.