Wednesday, 26 August 2009

Housing market trends and news

Some headlines from the property markets - mostly indicating more drops in sales volumes, still falling prices and no end in sight to the down turn. The British market has reached the point where it will collapse if prices do not drop. With sales volumes at the lowest point since the land registry office began keeping records, something has to give and it will be prices. So UK house prices will fall drastically over the winter. Exactly how much is difficult to predict, but another 50% fall in total seems in order.

Candy and Candy are being sued for non payment of a $365 million debt in the USA.
Luxury property developers, Christian and Nick Candy, have hit the news once again, and are being sued by Grupo Financiero Inbursa, a Mexican banking conglomerate owned by Carlos Slim. Candy and Candy sued


When will the real estate market bottom out?

“Are we there yet?” is the question on everybody’s lips. As in – are we at the bottom of the real estate downturn? If I could answer this question and be perfectly accurate, I would be a rich man. Having said that, I am going to try and answer it anyway. real estate bottom

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