Monday, March 3, 2008

Housing Market Reverse Gear

Repossessions to rise by 50 per cent in 2008

The number of home repossession is expected to rise by 50 per cent this year, according to the Royal Institution of Chartered Surveyors (Rics).

Posted by quiet guy @ 12:14 AM (710 views)
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3 thoughts on “Housing Market Reverse Gear

  • “There also seems to be an emerging ‘London effect’….”
    But this can’t be happening! London… city bonuses… foreign millionaires… Russian oligarchs… Saudi princes… Polish plumbers… capital of the world… pent-up demand… renting is dead money… London property will go up forever!

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  • mark wadsworth says:

    They can repossess all they like, but who’s going to buy them again?

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  • Old news!

    Wait until they hit the same rates as in 1995…

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