tag:blogger.com,1999:blog-601142303132421697.post6405954079604023269..comments2008-05-15T08:57:44.238+01:00OOdevonhttp://www.blogger.com/profile/16656724922076979999noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-601142303132421697.post-4343715519650296952008-05-14T19:56:00.000+01:002008-05-14T19:56:00.000+01:00I don't think Salcombe is immune from the property slump!! Have a look at www.nethouseprices.co.uk.( figures are taken from the Land Registry)-18 properties sold in TQ8 in Jan,Feb,and March. In March alone only 3 sold! not enough to keep 3 Estate Agents in business which is why one has closed this Monday!. (this excludes the affordable new Housing Association properties at Ember Road).The properties on the Agents' websites stay there for 6 months plus,(and are then withdrawn by frustrated owners), and the Agents will all tell you the market is stone dead. Perhaps the 50 interested cash rich fat cats will now clean up - I don't think so!!! Its time everyone in Salcombe stopped obsessing about property prices and got a life. After all this country operates a free market economy, and this applies to Devon as elsewhere.Many of these second homes are let through local letting agents and besides the occupying holiday makers spending their cash when they are in Salcombe,the owners' rentals are ploughed back in to Salcombe builders,boatyards,SHDC, and other trade muggers. Salcombe is a tourist town now and we must stop living in the past. 00kevin (off for a lie down!)00kevinnoreply@blogger.com