Cumnock Chronicle | News | NO NEED FOR ANY PROPERTY PANIC

Sunday, 20th July, 2008

Published: Wednesday, 30th April, 2008 15:10

NO NEED FOR ANY PROPERTY PANIC

By Craig Winning

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Bill Bain of Oakhouse Properties

A leading local estate agent has moved to ease fears over a crisis in the housing market - by insisting a turn is on the horizon.

Bill Bain, of Oakhouse Properties in Cumnock, admits there has been a definite slow-down in property sales compared with last year's boom, but reckons there is no need to panic.

With more and more properties appearing on the market, there were suggestions that the credit crunch and mortage price increases were a factor, but Mr Bain believes there hasn't been a sudden increase and that many of the problems are down to the issue of first-time buyers struggling to get on to the property ladder.

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