Tuesday, September 21, 2010

UK housing bubble finally popped?

Panic begins to grip UK housing market as the bubble pops

UK house prices have fallen for three months in a row while in August UK mortgage lending dropped to a 10-year low of $15 billion. It looks as though the UK housing bubble is finally bursting after a massive double top in the market, the classic technical indicator of a coming big drop back to previous lows.

Posted by arabianmoney @ 05:24 AM (808 views)
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