Tuesday, Dec 12, 2006

any people in UK are expecting a crash in property prices: Its official

Free Help Advice: any people in UK are expecting a crash in property prices: Its official

Research carried out on behalf of the debt consultant Thomas Charles & Co Ltd, in conjunction with the market research firm YouGov, has found that one in four adults in UK are expecting a crash in property prices, in the next 18 months. The research, which covered 2,353 respondents, revealed that 19% of the adult population in the UK expects a crash in property prices within 12 months, with another 29% expecting a crash within 24 months. James Falla, director of Thomas Charles, said that the research has shown that a high percentage of UK residents have lost their faith in the stability of the housing market in the country. He added that higher interest rates and soaring bad debts will lead to a condition, where only few people can afford to gamble with a mortgage, and young people will find it extremely difficult to get onto the property ladder, as they are likely to have substantial unsecured debts and no equity.

Posted by matt @ 03:44 PM (503 views)
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