Wednesday, Apr 04, 2007
HPI has shifted the balance of assets held in the UK
Home.co.uk News: Where is Britains wealth?
In view of the potential for the UK housing market to go belly up, these figures are rather daunting.
A drop in the property market of say 20% overall would cause a huge swing in the opposite direction.
Posted by tinecu @ 11:46 AM (145 views) Add Comment
2 Comments
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1. royston said...
" Property now accounts for 55 per cent of people’s wealth in the UK;"
Wow! Imagine - if it keeps growing like this, then it could get ......well..........100% of our wealth. Wow! Imaging that - a whole 100% of the nation's wealth in houses. Mmmmmmmmmm!
( - Diversification, risk management - such out-dated 20th century ideas!)
2. geed said...
Pounds and pence will be a thing of the past replaced by bricks, planks and screws. A Ford Focus would cost a conservatory, and a all inclusive carrabean cruise a spare bedroom. Well done Gordon....pr!ck.