28th Aug 2008

Fire sale at Frasers?

Today’s Northern press is full of news that Fraser homes is selling a development on the Northern outskirts of Belfast at a 40% discount. One can only conclude that the developer, Fraser Homes, has very low borrowings against the lands to make this a feasible proposition.

If these properties sell, it will be seen by many as an indication of where the market actually is.

This entry was posted on Thursday, August 28th, 2008 at 11:46 am and is filed under Business, Current Affairs, Public Relations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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