Monday, Jan 25, 2010
Investing in property? Forget the UK – look to the US
MoneyWeek: Investing in property? Forget the UK – look to the US
UK house prices may have rebounded during 2009, but we don’t think that’ll last this year. Already there are signs that borrowing costs may rise as inflation picks up. Skipton Building Society had a nasty shock for its borrowers last week, as it warned its standard variable rate was set to jump. With the employment situation still very weak, there are a lot more vulnerable people out there than normal. And that means that the situation could deteriorate rapidly if bills keep rising.
Posted by damien @ 11:23 AM (527 views) Add Comment
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