Thursday, 28 February 2008

Estate agent lets cat out of bag

There's a great quote right at the end of this article on Wales' tallest building ...

However Michael Jones, from Michael Jones Estate Agents in Cardiff, said the housing market in the city was slowing down.
"With the development of the bay, there have been a lot of people buying and speculating, and that bubble does appear to have burst. I'm aware of some huge investments by national and international companies and they are struggling to reach their targets. We've overdeveloped certain areas and built the wrong type of properties."

His fellow estate agents are going to love him for that!

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