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UK: Take cover! The housing market is heading for a bloody and protracted crash

Posted on 05 April 2012

Hometrack, a property analytics business, recently reported a 0.2% increase in British house prices, the first such rise in 20 months. The company’s peculiar response to that unimpressive piece of data is that prices will continue to hold firm in the coming months, though, in a brief spasm of honesty, the company goes far enough to admit that the market is not ‘yet firing on all cylinders’.
Indeed. As a matter of fact, the housing market is currently firing on just one cylinder – and one that will have to be withdrawn in due course, as unfit for further service………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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