September 26, 2007
Is the property market about to crash?
There are many verbal battles going on at the moment between those who feel that a crash is imminent and those who believe that the property market is strong. One thing is for sure, they both cannot be right!
But the signs are there. There is an increase in “buy to let” owners trying to sell up, in an attempt to try and get something back out of their investments. In fact there has been a marked increase in the properties going up for sale. Some estate agents are reporting a 46% increase.
Another indication is the banking sector, but we have seen problems there too, like the Northern Rock run. But could that just be the tip of the iceberg? Or are we looking too deep into this, whatever the outcome, there are rocky times ahead.
Source [Function Pix]
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