Saturday, August 2, 2008
Good article and graphs by IC on “crash history”
An Englishman's home is his castle. But, having seemed impregnable just a year ago, that castle has now developed a very nasty case of subsidence. Since last July, the Nationwide UK housing index, adjusted for inflation, has dropped 11 per cent in value. Another deep, lengthy slump in UK residential property now seems almost inevitable.