The housing market is in a better state than some analysts are suggesting, a senior regional member of the National Association of Estate Agents (NAEA) has claimed.
Spokesman for the Devon branch of the NAEA Richard Copus told the South Devon Herald Express that the current scenario was quite unlike that of the late 1980s and early 1990s.
He commented: "People are still looking at properties, which they weren't during the late 1980s, early 1990s. The number of viewings are pretty much on a par with this time last year and the year before."
What had changed was that people were now much slower to put in offers, whereas until recently there had been an urgency prompted by the thought that someone else could snap up a property first.
Mr Copus was speaking as the prime minister Gordon Brown was in the United States talking to heads of Wall Street financial institutions to discuss the severity of the credit crunch.
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