Tuesday, Nov 27, 2007
UK SUBPRIME? Ho Ho Ho
times online: Homeowners warned of more forced sales
The repayment blow has added to fears of a sharp slowdown in the housing market next year. Figures from the British Bankers' Association (www.bba.org.uk) already suggest that the slowdown in house prices is on course to be the most severe in at least a decade
Posted by sold out @ 03:43 PM (306 views) Add Comment
2 Comments
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1. Paddya said...
"... slowdown in house prices is on course to be the most severe in at least a decade"
what severe slowdown has there been in the last decade? According to the graph on the homepage of this website, there has been no real slowdown in the last decade, therefore any kind of a slowdown is obviously going to be the most severe.
2. Landedgentry said...
But you can always buy a run down flat in an 'up and coming area of London' at auction, do it up with B&Q wood floors, White washed neutral decor, a 'funky' kitchen and bathroom and sell it for £30-40K more than you paid for in as little as 3 months. It must be true the BBC and Sarah Beeney keep telling me HAHHAHAHAHAHHAAHAHA
Whats even better is that an old enemy business rival of mine has just set up an Estate Agency in SE London, HAHAHAHAHAHAHAHAHA
Bring on '08 for more fun and games. (wipes a tear).