Tuesday, June 3, 2008
If Uk Housing Market crisis then what will happen next? UK House Prices are falling. The IMF's latest World Economic Outlook suggested that UK house prices were almost 30% over-valued, based on house prices gains which can't be explained by fundamentals.House prices tend to gravitate in line with economic growth over long periods of time. London property market is undetermined by the owners who has been used the properties as a second home or safe haven in times of a crisis back home. Today the reality is in one case as, a Russian billionaire purchased an apartment in London for his daughter worth GBP 2.5 million. We could not have seen this a decade ago so what crisis?
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by cedar @ 4:44 AM
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