I've also seen friends go bust!
I'm on the contrary buying a flat in London. It was marketed at £300k in July 2007 it's now down at £270K and I've made an offer for £249500 that's been accepted. In the same building another flat has sold for £340k in March 2008 and there are still on the market another 2 at £330-350K with a similar layout. It's much more difficult to get a good mortgage now so if you hope for top money the marketing and the presentation of the property needs to be spot on. as you said there are more properties for sale for than buyers. Less than perfect area and looked after property are definetely diving.Well im quiet new at this and analyzng most of the info, quiet good knowledge though and diverse opinions.
Im actually selling a property and to be rational the delay isnt because of a market crash its probably because of all the the houses being sold in that area? Its quiet obvious profit has reached its peak and everyone wants to sell but who wants to buy if theres the assumption of the market taking a dive? does this make any sense ?
Im for "Stalled".