Thursday 24 May 2007

housing market

the current British market i reckon is gonna collapse, as people due to the over-buying to rent is kinda causing the prices to be unnatural, and due to the natural balance of the economy, the prices will right themselves by first collapsing real low when everyone sees the prices going down but will then rebound up slowly. This is further exacerbated by the high interest rates which is going to create pressure on mortgage payers which will result in more houses coming onto the market.
Any ideas to add to these rather rambling ideas is welcome...you all know where the comments button is.

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About Me

LEICESTER, East Midlands, United Kingdom
Co-founder of DesignMolvi, Qur'an hafidh, graduate of Oxford University. Now blogging at www.islamicfinanceguru.com