Wednesday, September 26, 2007

Dramatic fall in the housebuilder’s sales

Barratt hit by ‘Northern Rock effect’

"He also warned the turmoil in the credit markets and this year’s interest rate rises would dampen volumes and prices and that it was unclear how quickly the housing market would recover." Recover ? From what - nothing significant's happened. Do these people actually think that 20% per year price increases are healthy and sustainable ?

Posted by ceonathus2 @ 09:37 AM (503 views)
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