Saturday, 19 April 2008

Hotels keep their value

Hotel prices will not follow trend set by the residential housing crash, leading property agents inform.
Worries about residential property prices are on the rise as home owners are facing the biggest credit crisis yet. Prices have fallen by nearly 3% in March 2008. The largest agents predict that business property prices will stay at the same level in the next months.
According to insiders hotel prices have gone up in the recent years but not as much as they residential counterparts, so decline should be much less pronounced if any.

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