Posted by
Jonathan Peace at 11:18 on 15 Aug 2008
A knife-twisting report by Joey Gardiner from the Times will put further pressure on the buy-to-let / new build market as it exposed the desperation with which developers are trying to offload their portfolios. After trying every marketing ploy in the book, developers are biting the bullet and accepting that dropping prices - by up to 40% in some cases - is the only way to generate sales in the current market.
