Businesses and property take serious blow from oil spill

Posted on June 22nd, 2010 No Comments

The sales of property in the Gulf Coast have gone down due to the recent oil spill. One area in particular that has seen a downfall in sales is the luxury home market.

Toll Brothers, the largest luxury home builder, has already reported that they have seen a 20 percent decrease in sales. They have reported that the reason for the decrease is American’s negative outlook about the entire gulf area.

There are other reasons associated with the decrease such as the elimination of tax credit after the buying a home and a economic issues in Europe.

If you or a loved one has suffered from the economic impact of the oil spill, contact the Gulf of Mexico economic impact lawyers of Williams Kherkher by calling 800-821-1544.

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