We buy ANY house!
Call us FREE on 0800 078 9623
Or for local rates 0161 907 1594
Property Buyers - Code of Practice
Why use us to
sell your house?
Arrow pointing to benefits
  • Quick sale
  • Best price
  • Guaranteed
  • No fees

Joan Collins Forced To Sell Home Due To Credit Crunch

Joan Collins, the British actress, has been forced to sell one of her four homes due to the credit crunch. The news source is the online magazine the Telegraph.

The 78 year-old has put her three-bedroom, three-bathroom Manhattan apartment on the market because she can "no longer afford to keep it".

The former Dynasty star, who also has homes in Los Angeles, London and the south of France, admitted the recession had taken its toll on her personal fortune.

"We always knew that there would probably come a time when either our LA home or this one would have to go and we have made the sad decision that it will be this place," she said.

"Many people have said to us, 'How on earth can you afford to keep four homes?' And the fact is, in this day and age, we can'tâ she added.

She added to Hello! magazine: "We can no longer afford to keep it."

On the other hand, the figures given by the same magazine state that inflation is seen to be running the highest in the last 30 months and is now expected to touch 5% in near future.

Inflation as measured by the retail price index (RPI), which includes more housing costs and is weighted differently, came in at 4.5pc.Also, the rising inflation also hurts the UK's growth prospects as it erodes companies and households' spending power, with the Bank now forecasting an annual growth rate of under 2.9pc two years from now, down from an earlier estimate of 3.1pc.

Two easy ways to get a no obligation offer for your property.

Get a FREE estimate
and guaranteed offer
for your house

Padlock

Privacy guaranteed

Rest assured, none of your details are ever
shared with third parties under any circumstances.

Open Quote

The sale went through very quickly with hardly any hassle and I have been able to stay in my home, which meant no disruption for myself and my children.I would definitely recommend this to anyone in a similar situation.

Mrs J, Exeter

Close Quote