Sunday, Jul 08, 2007
A second doom-laden story form Scotland on Sunday
Scotland on Sunday: Property market on shaky footings
They've certainly changed their tune:
"SIGNS of a significant slowdown in the Scottish property market emerged as the Bank of England delivered another payment shock to borrowers by raising interest rates ..."
"Halifax group economist Tim Crawford said: "This could be interpreted as a tentative sign of a slowdown. ... this looks like a marked slowdown ..."
"Repossessions look certain to rise...
"Falling values, though, would be a catalyst for a nightmare cycle of rising repossessions and a property crash."
Posted by scunnered @ 01:14 AM (151 views) Add Comment
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