| From Scotsman: New house sales are at an all-time low, and mortgage providers have upped interest rates and increased the level of scrutiny that borrowers are subjected to – as well as insisting on larger deposits.
As one week has lurched into another, and we have heard the latest vision of doom and gloom, I have become increasingly concerned over commentary on two key aspects – house-price deflation and the spectre of negative equity, and the writing down by major housebuilders of the value of their land banks. Dealing with the latter point first, land banks, by their very nature, tend to be speculative holdings. ..... Full Article: Source
|