Property News · May 25, 2016

British property market has peaked, estate agency boss says


Sellers will have to cut prices to find buyers, says Paul Smith, whose company operates Haart, Felicity J Lord and othersThe boss of one of Britain’s biggest estate agent chains appears to have called the top of the property market, saying there has been a big slump in demand from buyers after the nation has “reached the limit” on house prices. Paul Smith, whose company operates the Haart, Felicity J Lord, Spicer McColl and Darlows chains across the UK, said there was “trouble in paradise” and sellers would have to cut prices to find buyers. Continue reading…

Source : theguardian.com
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