Tuesday, Sep 11, 2007

The Mail: "is it really time to abandon property?"

Mail: Property: Boom or slump?

"Special report: Property is on edge. As the world's financial markets struggle with a credit crisis, the experts have issued warnings that the good times may be about to come to an abrupt end." Look also at the special section on Buy to Let millionaires

Posted by confused76 @ 10:20 AM (393 views) Add Comment

4 Comments

1. Mark said...

well it looks like 54% of people have voted for Crassssssssssssshhhhhhhhhhhh....lol

Tuesday, September 11, 2007 12:48PM Report Comment
 

2. dohousescrashinthewoods said...

According to their poll 55% believe there will be a crash, vs. 26% a flat market.

Crikey, that's changed since a few months back.

Tuesday, September 11, 2007 01:31PM Report Comment
 

3. Lord D'arcy Pew said...

A lot will depend on the migrant workforce, such as those from Poland. They are renting from the buy to let landlords and if the ecomomy does take a downturn will these workers return to their home countries? They cann't in most cases claim benefits here, so will they take the money they have earned and live on it more cheaply in there old countries than staying in the UK. They arrived over a short period of time and I wonder how quickly they could exit the UK and how great an effect this would have.

Tuesday, September 11, 2007 02:46PM Report Comment
 

4. crash bandicoot said...

This poll is important. High house prices have only been maintianed by public sentiment (house prices only go up etc.) Once the public believe that house prices are too high the support will fall away, as will the prices. It is important to remember though that just under half of the voters don't think that there will be a crash. If they are still willing to spend silly money they will be able to shore up a shrinking market - for a time at least.

Tuesday, September 11, 2007 04:50PM Report Comment
 

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