Saturday, Dec 22, 2007
Markets forcast unprecedented falls in house prices
Times: Big-ticket punters see fall ahead for housebuilders
Article about the predictions for housebuilders next year. Interesting first three paragraphs.
Posted by wally @ 04:47 PM (307 views) Add Comment
2 Comments
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1. Quiet Guy said...
"... it will be especially troubling to anyone still holding shares in Britain's hard-pressed housebuilding sector — which, having fallen 48 per cent this year, almost all of that in the past six months, is already one of the stock market's worst performers."
Wow! That's a savage blow for the building trade. Correct me if I'm wrong but my understanding is that drops in new build numbers and builder share prices are indicators of future house price falls (sales prices lag behind the builder's share prices.)
Nice :)
2. financial planner said...
This s curoous 'cos Anthony Bolton is quoted as saying he's getting bargains. Who's to know?