AUTOREFRESH 
U.K. builder offering huge discounts on some new homes.
By admin || September 30, 2008 at 22:59 GMT
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The Telegraph is reporting that Barratt Dvelopments have offered a huge 43% discount to buyers who take five or more flats or houses off its hands in its Yorkshire East division. The U.K. property market is in truly dire straits and the decline in prices looks like having a long ways to run. Consumer confidence relies heavily on the price of property and in coming months it is going to be shattered. The U.K. economy looks increasingly likely to be headed into recession.
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