Wednesday, Sep 01, 2010
UK losing first time buyers signals housing crash
ArabianMoney: First time buyers desert UK housing market
Any market that loses its first time buyers is in trouble. But that is what has happened in UK housing this summer. I was relieved to hear my niece Caroline and her finance Jamues have decided not to buy, and have rented a nice little place to save more for their deposit.Indeed, this reminds me of 1990 and a warning I got then from Mike Robinson, the late and extremely successful MD of Wilson Connolly, then a large housebuilder.
Posted by peter cooper @ 07:34 AM (662 views) Add Comment
1 Comment
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1. taffee said...
I think supply may increase a bit(sacrasm) when people with 10 btlets offload who earn £25k per annum!