tag:blogger.com,1999:blog-2948538160252327076.post191293500659023174..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Housing market recovery on hold....Alice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-85838205471700033232009-04-28T10:30:00.000+01:002009-04-28T10:30:00.000+01:00I live on a very desirable street in London with m...I live on a very desirable street in London with million pound houses. About a year ago several homes were re-possessed and boarded up. And thus they have remained since. No sales. Only a few crusties trying to bust in to squat but no sales. They are probably rat-infested houses by now they have been abandoned for so long. I suspect the estate agent will still be trying to get close to a mil for the houses yet no takers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-84231127991785611352009-04-27T21:55:00.000+01:002009-04-27T21:55:00.000+01:00Over in the states it seems that there are a lot o...Over in the states it seems that there are a lot of foreclosed properties that the lenders are holding and not releasing to auctioneers or estate agents. According to the article - some 600,000 properties.<br />(See www.bullionmark.com for ref).<br /><br />This sort of trickery to avoid writing down the bad debt smells bad and could explode in their faces.<br /><br />Anyone reckon it could be happening in the UK?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-39851605029536164642009-04-27T19:32:00.000+01:002009-04-27T19:32:00.000+01:00The past 3 months were a blip. Now the combined r...The past 3 months were a blip. Now the combined results of rising unemployment, poor job security and high LTV (poor housing equity) are being seen. Should be back to 2000 price levels very soon.mikehttps://www.blogger.com/profile/05772374031938763566noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-7131802461334576022009-04-27T18:41:00.000+01:002009-04-27T18:41:00.000+01:00Thats a shame....Thats a shame....Anonymousnoreply@blogger.com