Tales from the property frontline... investors feel the fear
A polling day dinner with an estate agent in Westminster wasn’t an upbeat affair, despite the scuttling of known political faces into the private dining room. This agent had no stock, been the same for two years. Nobody selling, tenants not giving notice, market paralysis. Coffee four days later was a different matter. An incredible Monday he tells me. Two landlords been in, they want to sell. Big local developer been sitting on empty properties for years, he wants to shift them. Vendors calling, "Let's talk price reductions." "What's going on?" I ask. "It’s simple," he says. "They’re scared."
Tracy Kellett runs leading buying agents
BDI Homefinders. Follow her on Twitter,
here.
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