Thursday, July 19, 2007
Housing Market Plummets Today!
Another overheard phone call, there was this African lady on the bus remonstrating with her estate agent for marketing her house at too high a price. She was really annoyed, she said that there is a one bed room flat being sold in her area for £150 000. Her three bed house, it seems, is on the market for £280 000. No one will buy. After much haggling with the estate agent, they agreed a new price of £210 000! That's some reduction. It just goes to show that sellers find it difficult to exert any control over the house they want to sell.
Labels: cartels, Estate Agents, Greedy Property Developers, Housing, housing market
