Demand is so low
Posted on February 12th, 2010 by admin
There have been a lot of conflicting reports across the media about how bad the property industry is doing.
I guess you can find two sides towards the property current market, the commercial side as well as the home owner side.
We all know that buying a property in today’s industry means that the amount you’ll pay out is considerably lower than the price tag 18 months ago- costs have fallen dramatically.
On the commercial side of things, the amount of finding office space has also gone down dramatically. The reason for this is the demand for office space is much less. Businesses don’t prefer to pay out ridiculously high prices anymore. They desire to cut costs and not worry the rent they pay will be too costly.