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Posts Tagged ‘ Uk House Prices ’

House Price Crash UK: Prices to Fall 10% by 2010

Jun 6th, 2008 | By Contrarian Profits | Category: Featured, Financial News

A new report by Paris-based economic think tank the OECD warns of a severe house price crash in the UK.

The report predicts that UK house prices will crash by 10% by 2010 and that, with consumer spending slowing, the Bank of England will eventually need to cut interest rates by three-quarters of a percentage point to 4.25% next year.

Ben Traynor in The Daily Reckoning explains how a house price crash in the UK will affect the country’s economy…



Biggest Drop in British House Prices Since 1991

May 29th, 2008 | By Contrarian Profits | Category: Featured, Financial News

British house prices fell in May by the most since at least 1991, according to Bloomberg:

The price of an average home dropped 2.5 percent from April to 173,583 pounds ($344,000), Britain’s fourth-biggest mortgage lender said today in a statement. That’s the largest decline since the index started in January 1991. From a year earlier, prices fell 4.4 percent.



Credit Crisis Will Crunch Real Economy

Apr 17th, 2008 | By Merryn Somerset Webb | Category: International Investing

Not too long ago, some analysts were still claiming that turmoil in the financial markets would have scant impact on the real economy. But the “after-shock” of credit market ructions, as Stephen Roach of Morgan Stanley put it, is now clearly kicking in.



Why Cutting Back on Saving is Unwise

Apr 16th, 2008 | By Tim Bennett | Category: International Investing

According to the latest survey from Axa, 75% of households plan to cut back this year as the credit crunch bites. Sounds sensible – until the survey then reveals that most are stuck as to whether to cut back by “going out less”, or simply reducing the amount they save for their pensions.