Thursday, Dec 20, 2007
Looks like those bonuses may pass the housing market by
The Times: The best places to invest a bonus
"Last year, bankers invested the bulk of their money in property. Savills, an estate agency, estimated that about £5.5 billion of 2006’s £8.8 billion UK bonus round went into bricks and mortar. But with concerns that house prices may fall next year, they are expected to look elsewhere for a home for their money"
Posted by planning4acrash @ 01:34 AM (246 views) Add Comment
1 Comment
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1. ontheotherhand said...
So bonuses will be less and a lower proportion will go to property. £5.5 billion last year down to £1.5 billion this year perhaps? I wonder what kind of difference a missing 4000 million of demand will make in January, February, March as compared to last year.