Tuesday, Nov 21, 2006

Cracks appearing in the market? Probably not....

Times Online: First signs of property market weakness

The first signs of weakness in the housing market started to filter through last month with building societies reporting net mortgage inflows were down 6 per cent on the last year to 772 million while consumer confidence in the market had also slipped. However, today's data indicated that the property market remained robust despite the first tentative signs of a slowdown.

Posted by jellycaster @ 11:20 AM (449 views)
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3 Comments

1. Cyril said...

I notice the article says that Foxton's are thinking of listing on the stock exchange in order to raise $400m to fund their expansion in the US.
Sounds like a recipe for disaster (with any luck).

Tuesday, November 21, 2006 12:17PM Report Comment
 

2. Thisgent said...

Cyril,

You're right. Foxtons are absolutely awful, the lowest of all Estate Agents, and that's saying something. The fees they chagre are astronomical - I tried using them to find a flat to rent in London a year ago, in the end I decided to stay in Hampshire! So much better than London. Lovely green scenery, fresh air, affordable rent...

Tuesday, November 21, 2006 01:11PM Report Comment
 

3. iguana said...

So lets get this right, a VI wants to borrow $400m to invest in a market that has peaked and is now collapsing? Is this the advice that they give to potential housebuyers in the UK?

Tuesday, November 21, 2006 05:42PM Report Comment
 

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