Sunday, September 30, 2007
More heads coming out of the sand?
Hedge funds are gambling on a fall in Britain's housing market with aggressive short selling of shares in housebuilders, developers and landlords. Big bets have been placed on shares in Persimmon, Britain's biggest housebuilder, taking a dive. Speculators are also predicting that Grainger, the country's biggest quoted investor in residential property, will see its share price drop.