Archive for October 12th, 2007

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Friday, October 12th, 2007

Fear starts gripping UK housing market

As stated before, the unwinding of the US housing situation has some way to go before the system rids itself fully of all the excesses accumulated during the multi-year upswing. But what about the UK residential property market? The graph below shows a clearly unsustainable trend of the UK House Price Index calculated by Nationwide.

Source: […]

3 Comments » - Posted in Markets, Money, Stocks, Investment, Housing, Economy, Finance, Business by Prieur du Plessis