Sunday, July 29, 2007
Food prices rise & property prices likely to fall in flooded areas
Dearer food and negative equity for owners of homes at risk is on the way, writes Zoe Wood. Recent floods have not only added to the likelihood of food price increases, but are also likely to lower the value of houses in the flood-risk areas. Before things get worse, perhaps son-of-the-manse Gordon might like to get on his knees to seek help from a higher source!