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Senor Miguel

Credit Crunch Hitting Home Across The Pond....

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I think these are some of the first stats to come through since the recent credit problems in August, and the figures are quite startling.....obviously credit is contracting globally so I expect the repercussions will also be felt in the UK to a lesser extent, houses are no longer 'affordable' for the masses and although the article points out that prices are still holding up, with such low volumes it's a matter of time before builders have to start slashing prices to clear inventories, and that's where the fun starts.....look out below :o

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