Saturday, Jan 19, 2008
Crash or Stagnation
Hiday.net: UK House Price Crash
Will house prices crash in 2008? This is the question that seems to be on every one's lips at the dinner table in almost every home in the UK. Despite certain mortgage lenders telling the public that there has been, on average, a steady 5% increase in house prices during the last year, most people have already started to realise that the uk property market is definitely in serious trouble - the demise of Northern Rock; interest rate rises; reductions in mortgage approvals and the rippling effect of the downturns in the US economy have all begun to take their toll.
Posted by john84 @ 11:12 PM (236 views) Add Comment
1 Comment
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1. Mattd49 said...
"f this happens then more and more buyers might start to seriously consider investing overseas. There are certainly plenty of emerging markets to choose from - Germany; USA; Poland; Canada; China and Bulgaria, to name but a few!"
The USA an emerging property market???!!
Somebody needs to do a touch more research before putting pen to paper methinks!