Property market set to cool, predicts local estate agent

But shortage of available properties should prevent sharp adjustment

The Manx property market is unlikely to crash but may cool over the coming months.

That's the view of a local estate agent which claims it’s a good thing.

Manxmove says a shortage of available properties should prevent a sharp adjustment in prices.

But director Graham Wilson concedes the current economic conditions represent a fundamental change that will slow down the market: