Pedrosa

Life is indeed tough in the property world right now without a doubt. The construction industry has been laying of men at record levels. Making it hard also is the recent hike in interest rates and banks unwilling to take on new borrowers.

There are many homes for sale but the sellers if they want to move it on have no option but to suck in the blow of granting heavy rductions on the price. In many ways that is not so bad as, if they bought before say 2003 they have ridden the boom and are sitting on a hefty profit anyway. All depends on the individuals own avarice I guess.

Last figures I saw for a month ago saw a decrease in values of around 2%.