Thursday, November 29, 2007

Ready for the ride ?

After the US, it seems the house "slump" is coming to the UK :
UK house prices see sharp tumble
November's fall in house prices is the largest since June 1995.
UK house prices saw their biggest fall in 12 years during November, mortgage lender Nationwide has said.

How much ? The market are betting on a 7% next year, that seems a minimum considering that the house price could be overvalue by 30% for HSBC, 40% for the IMF.

Will see, it's probably gonna become more bearish as the crisis unfold. Have a good ride !

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