Saturday, Sep 22, 2007
Correction should be no surprise!
The Business Magazine: Prospects grow much darker for Britain’s housing market
In one dramatic convulsion Britain’s housing industry – from house buyers through mortgage providers to house builders – has moved from boom to the prospect of sharp correction.
It is one thing for the housing market to anticipate a slowdown in growth. It is quite another to adjust to the prospect of a sharp and immediate downturn. Whether you are an individual planning to sell a property, a house builder looking for new sales or the government stuck with a target of building 3m homes, prospects have suddenly become much bleaker.
Posted by flamepoint @ 06:47 PM (175 views) Add Comment
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