Can You Solve the Queensgate Riddle?Burnley's estate agents are totally confounded by it. The Housing Department at the Town Hall call it a "mystery", and experts in 'Market Forces' say it can't be happening. No one appears to have the answer to the Queensgate Riddle, so 'Burnley Bravepages' wants YOU to help solve it.Property prices in Queensgate ward have fallen sharply in recent months, bucking the national and local trend. Yet estate agents in the town say they have buyers queuing up to purchase houses in the ward. One agent told 'Burnley Bravepages', "These are cash buyers. They have up to £40,000 to spend and I have an unlimited supply of them. Some of them are so desperate to buy that they are knocking on the doors of five and six bedroomed houses, not even up for sale, to offer cash if the owners will part with their home." But despite this incredible demand, house prices are dropping. "It can't be happening", was the view of Richard Quirke a freelance market analyst. "If there is demand, then prices must go up as people capitalise on another's desire to buy. The only reason that prices would go down is if there were more people wanting to leave Queensgate than those wanting to move to in." The Queensgate Riddle might be baffling politicians, professionals and academics, but we are hoping our readers might just be able to clear up the mystery. Why do you think house prices are dropping in Queensgate when there are so many new buyers keen to move in?
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