Sunday, September 4, 2011
Banking crisis hits the South West
Opps. Bankers bonuses are not as generous, and with pressure on banking staff the amount of money to shaft the locals in the SW is decreasing. "Price reductions are becoming an increasingly common occurrence in the popular second-home market of the South West, as sellers find themselves forced to cut asking prices to achieve a sale, according to property agents. New figures from Savills, the property agent, reveal that 75 per cent of the properties on its books in Devon have had their prices cut at least once this year, with the average reduction being 15 per cent."