Thursday 11 September 2008

Credit Crunch

Even here in Hay, where Clee, Tompkinson and Francis, the estate agents, are closing their office and moving the business to their Brecon office instead. They often have local art or photography in their windows as well as the house details.
The spokesman for the company, in the B&R, said that he expected remote properties to drop in price - but that wouldn't necessarily be of any use to people who need cheaper housing - because they're called 'remote' for a reason. No local shops, post offices, bus routes and so forth will make them less desirable as more people will be moving in towards urban centres, and it will be more difficult to get mortgages as well. This is the prediction, anyway.

It's a lovely big office, in quite a prominent site close to Kilvert's, so I hope it doesn't stay empty too long.

No comments: