I am hearing more than ever from vendors who tell me "I am desperate to sell my house" after having their property on the market for considerable lengths of time and still no sign of a sale.
The British housing market deteriorated in March by the most in at least 30 years, a survey of real estate professionals showed Tuesday, suggesting the property downturn is accelerating as mortgage financing dries up.
A country-wide estate agency has blamed the credit crunch for the closure of two branches in South Wales.
Darlows is shutting its Llanelli and Neath branches and a third is being downsized. Decisions on redundancies are now being considered.
Robin King, who runs the firm said sales of homes had fallen by between 30% and 50% between January and March compared with the same months last year.
It has also been reported that the balance of buyers registering with realtors fell to minus 49, the lowest since March 2003.
