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Housebuilding lowest since 1945 !!
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ultra10
Posts: 379 Forumite
http://www.guardian.co.uk/business/2008/jun/17/construction.housingmarket
With Libor so high, & BOE rates set to remain at 5% at the very least, this is yet another indication that property prices are heading for a significant correction ..
With Libor so high, & BOE rates set to remain at 5% at the very least, this is yet another indication that property prices are heading for a significant correction ..
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Comments
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I don't think the article goes far enough
I will be surprised if 100,000 homes get built this year0 -
great isn't it... especially with a need for more homes being reported not so long ago...Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts0
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Much of the 'demand' in the housing market was down to speculative investment.
Take that away, as has in the main happened, and there's plenty of supply .. leading to falling prices.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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