Sunday, April 8, 2007

HPC in today’s Express

UK faces £459bn housing crash

Nothing in this article is new, but interesting how the doubts about house market stability are reported in the popular press (£459bn...!?). As soon as publishers realize that full-page HPC news sell more papers than stale, boring stories on property millionaires... In the article: "Analysts are concerned that the UK could be at the mercy of international financial forces beyond its control"... that sounds likely, with foreign investors having so much influence on the London house market and on the pound.

Posted by confused76 @ 09:54 AM (458 views)
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2 thoughts on “HPC in today’s Express

  • An amazing article from the paper that ran a front page headline “House Prices to Rise 40%” not very long ago.

    Yet the perspective is still from the seller:

    “The glut of unsold homes has risen to 8.1 per cent, the worst figure since 1990.”

    Lets help them to rephrase:

    The availability of homes ready to buy has risen to 8.1 per cent, the best figure since 1990.

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  • These are the front page stories in the Daily Express only THREE days apart. Can we consider the Daily Express to be a serious newspaper?

    Thursday April 5,2007 By Sarah O’Grady:

    BRITAIN’S property boom is seemingly unstoppable, new figures show today. … It would take a major economic decline for prices to fall in the foreseeable future – and that’s highly improbable, experts said.

    Sunday April 8,2007 By Geraint Jones:

    THE BUBBLE is about to burst on Britain’s booming property market. … Many experts accept that a crash is not a matter of “if”, but “when”.

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