Wednesday, November 7, 2007

Property blackspot in the Black Country

Birmingham housing market facing

BIRMINGHAM families are set to see thousands of pounds wiped off the value of their homes in a new house price crisis, a new report claimed this afternoon. The city was tipped to bear the brunt of the property downturn as analysts predicted higher interest rates and the credit crunch would bite hard over the next 18 months. New figures suggested the West Midlands would be the country's worst hit area for falling house prices. Information group Experian said up to four per cent could be wiped from the value of properties in the region.

Posted by uncle chris @ 06:47 PM (603 views)
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4 thoughts on “Property blackspot in the Black Country

  • “up to four per cent”

    Still optimistic. A bit like saying “THERE’S A CRISIS – prices could fall a little bit!”. Looking back at articles from the US around a year ago, they were saying exactly the same thing.

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  • 4%: Yawn

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  • It’s almost like they don’t want to stick their necks out too much because saying there will be a crash is unpopular, but they still want the PR boon that you get from coming out with some random crud that makes it into the papers.

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  • Printing error; they missed the 0 off the end.

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