Friday, April 27, 2007

Collapse risk in UK house market

U.K. Home Prices Are `Very Inflated,' at Risk of Collapse, Tchenguiz says

The influx of international capital into the U.K. has created a real estate market similar to the one in Japan that collapsed in 1991, said Tchenguiz. Japanese land prices have dropped about 50 percent from their peak. They increased in 2006 for the first time in 16 years.

Posted by james @ 03:17 PM (587 views)
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