Tuesday, Feb 02, 2010
The bear market in the UK house market is going to be Long and Painful
Fleet Street Invest: Take a Chance on Property? Thanks, But No thanks!
Tom Bulford describes why the UK housing market will enter a long term bear market with no end in sight. He points to two factors, the banks and building socities will no longer make reckless loans, and people are living longer, which means they spend more throughout their retirement.
Posted by william @ 04:49 PM (250 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. tenant super said...
"The trouble is that the banks are not playing ball. It refuses to accept the sale of a property that would reveal the overvaluation of all the others it owns. It would rather maintain the pretence that these assets actually have the value shown on its balance sheet. "
So long as banks are being propped up by bailout money this will persist. What would force banks to liquidate their stock of repossesed property?