Monday, Oct 22, 2007
Same news from across the channel
Bloomberg: Danish House-Price Growth Slows for Fifth Quarter
Danish house-price growth slowed for a fifth consecutive quarter in the three months through September, suggesting higher interest rates and slower economic growth are crimping demand for housing.
Posted by alan @ 07:09 PM (328 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. whiteknight said...
At some point in a rare nod to the economists, and slipped in here very quietly as such, it might be worth delving into:
1. the definition of inflation as an increase in the money supply without a commensurate increase in the supply of goods & services
2. Versus prices indices which are measures of inflation (or should be)
3. Effects on price indices which in the economic sense cannot be called inflationary, but which will mean that the measures of inflation are not measures of strict inflation. Hence for a decade the Central banks have not been managing inflation anyway.
4. Services as incorporated into changes of inflation, rates of changes of inflation & measures of the supply of services.
5. Why the central bank base rate therefore can be very wrong.
6. Why the central bank base rate should have an increased risk premium built into it and how this might avoid some problems.
7. Why maybe we should call the end of the "chinese" production cost supression effect .. a revealing of the true extent of chronic past inflation in the 'western economies' and not necessarily an exporting of inflation.
At the moment i cannot summon the strength
2. O2bsure said...
I can tell you first hand, things have turned decidedly ugly in Copenhagen. Literally thousands of new butt ugly condo buildings ( think DDR 1964 ) will be completed within the next 6 months on the southern perimeter of Copenhagen and the pricing pressure that has already started will only become more intense.
Along the metro line that runs through this developing area is a string of new builds that were completed not more than 3 years ago. The number of for sale signs that are popping up in the windows of those properties is growing monthly over the last 18month ...and none have sold. I read in the local newspaper the other day that there are now thousands of technically insolvent families around Copenhagen.
Its a mess.