Sunday, March 9, 2008

Scrummy Bear Food

Housebuilders in a hole as prices go through the floor

Are British housebuilders heading for the abyss? As mortgage approvals dry up, house prices fall and repossessions rise, many of the country's biggest builders appear more vulnerable than at any time in the past 15 years. Private equity sources indicate that some firms are going cap in hand to them, hoping for a financial injection to see them through difficult economic conditions.

Posted by blank cheque @ 03:25 PM (766 views)
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