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The Masked Tulip

Spending On Slide As Cash Gets Tight

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It may have started in America, but the credit crunch is now having an effect much closer to home.What began as a problem in the so-called sub-prime mortgage market in the US is reaching many areas of life in South West Wales.

Firms are starting to lay off staff, house prices are falling and supermarkets are locked in a price war trying to tempt shoppers on tight budgets through their doors.

Nice user comment about houses at the bottom


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Still no takers for those off-plan flats, even with the reductions from £395k to £375k. Must be tight..

Judging by the article I would guess the increase in the price of Gower spuds has already driven many into negative equity - MEW for a spud!?

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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