I invested in Newquay Cornwall some 16 months ago in an off plan holiday property studio, Rocklands. (no discount offered). Im looking to flip having been given a evaluation price for the property as the final stage is being completed for September(ish) 2008. The price increase is 28%, i had an initial 5% deposit pay out. My quesion is if after 2 months theres been no interest,should i chase the agent to lower the price or sit and wait as the credit crunch unveals itself. Holiday letting against conventional residential letting buy to let property. Is there a difference in market.
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