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Property vultures circle & wait

Posted on 22 October 2008

From Housefund.co.uk: The downward trend in asking prices continues, with new sellers now marketing at 4.9% less than 12 months ago, the largest year-on-year fall ever recorded by Rightmove. At the same time, “property vultures” are circling, looking harder and longer for a good deal.

Rightmove said new sellers increased their asking prices by 1% compared to last month, though the price rise was far less pronounced than the October norm of circa 2% seen in more buoyant years….. Full Article: Source


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