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Saving For a Space Ship

Turmoil To Dent House Price Growth

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http://business.timesonline.co.uk/tol/busi...icle2326721.ece

"Analysts are warning that the continued uncertainty on global financial markets could pose a threat to the value of British homes

"

THE meltdown that has rocked global stock markets over the past month has heightened fears of a sharp slowdown in the property market.

Analysts predict stagnation, even in London, and possibly price falls if the financial crisis spills over to the UK economy.

Even if it blows over, homeowners are warned that the highest interest rates for six years and affordability constraints could spell the end of the housing-market boom.

Liam Bailey at Knight Frank, an estate agent, said: “If the global financial crisis tail-spins and we get an economic downturn, the brakes will be put on the housing market nationwide.”

Edited by Saving For a Space Ship

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this is ********, probably so the authors can say in a few years, look i called it

the real reason house prices will crash are, interest rates compared to prices are too high or vice versa.

BTL was the biggest driver of this boom, and now you cant viably BTL as an IO mortgage doesn’t cover rent, let alone voids/maintenance!

the only thing to save the market will be uk interest rates dropping by at lest 0.75%!

Personally I don’t know if the government will drop rates to save the housing market, but if it stays like this for a while then expect 30% drops!

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However, most experts believe the financial crisis, sparked by a downturn in US house prices and a huge rise in mortgage defaults, is far from over.

Some commentators on Bloomberg were saying that last weeks' financial crisis maybe over.

I thought, well the people who were in mega debt before the crisis, are still in mega debt now so the crisis certainly has not gone away. In fact it may have got worse in just one week, because we are getting more and more into debt. :lol:

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Some commentators on Bloomberg were saying that last weeks' financial crisis maybe over.

I thought, well the people who were in mega debt before the crisis, are still in mega debt now so the crisis certainly has not gone away. In fact it may have got worse in just one week, because we are getting more and more into debt. :lol:

I agree, the problem is not going to vanish overnight. Its probably getting worse as it becomes more evident the level of exposure to the sub prime slime.

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Usual crap from Clare Francis - just an excuse to predict a soft landing and reassure the sheeple that there wont be a crash- just gentle levels of inflation for ever and ever amen - so keep on borowing and enjoying the fantasy of a wealthy lifestyle.

Why do people have to be warned that house price inflation might slow ? IS slowing inflation dangerous ? for who ? Would analysts be warning of a slowdown in Retail Price Inflation ?!

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