Monday, Jun 23, 2008
The suppy and demand argument again!
Timesonline: Donald Trump says UK will avoid worst of property plunge
Donald Trump, the property developer seeking to build a £1 billion golf course on environmentally sensitive sand dunes in Scotland, has predicted that Britain's housing market will not suffer the same fate as the homes market in the United States because there has been far less over-building in the UK.
Mr Trump's comments come days after Goldman Sachs, the Wall Street broker, gave warning that the UK may be on the brink of a three-year property slump, with house prices forecast to fall 6 per cent this year and 8 per cent next. HBOS, Britain's biggest mortgage bank, last week predicted a 9 per cent fall in property prices this year.
Posted by flintster1994 @ 07:26 AM (356 views) Add Comment
2 Comments
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1. Hpwatcher said...
Trump outlines oversupply as one of the main problems in the US housing market alone, which will help UK avoid the worst of the slump. I wonder if he has been to leeds, or slough?
The amount of new flats that has been build in slough is unbeliveable, and they aren't selling there either.
2. Rimmer said...
Shows how you can be lucky if you have enough backing rather than a economic wizard.
Dream on Donald, far less over building, i am nearly 50 now and i have seen more homes built in the last 10 years than the 40 before that, basic truth is if we take away economic migrants we have more houses than people need to live in <<< FACT !