Tuesday, January 8, 2008

Warning of crash…

Writedown warning rocks housebuilders

Big price falls expected:- ''A wave of anxiety passed over the housebuilding sector yesterday after an analyst gave warning that parts of the market would crash and that land values would have to be written down. Alastair Stewart, of Dresdner Kleinwort, said that the slowdown would be more abrupt than he had expected: “We now expect [price] falls in the wider new-build sector, not just the blighted new apartments market, where we see the mounting possibility of a headlong crash.”

Posted by hpwatcher @ 10:11 AM (405 views)
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