All the talk in the UK right now is about a crash in house prices. Prices have been robust in recent years with people making big profits from real estate. But it could be that the bubble is about to burst. The clouds started gathering about the US sub prime affair and then blew across the Atlantic with a run on the Northern Rock bank. The irony is that luxury homes are the ones that might escape the worst of any crash. The market in Central London is still awash with cash from foreign investors
No Comments
Leave a reply

Posted October 19, 2007
Comments(0)
