We all know our government thinks we are stupid – that almost goes without saying, but the recent quietly released and not-talked-about figures from the Land Registry bear closer inspection than the government press release farms (newspapers) have given. Quite honestly – how any one makes an informed decision based on the misinformation and garbage being spouted is beyond me.
Moscow real estate prices continued a seemingly inexorable decline in July, breaking through the psychologically important level of $4,000 per square meter last week and continuing to sink lower, according to data compiled by a leading analytical company.
I do not think it will come as a surprise to anyone that British home prices are continuing on their downward trend. According to the Department of Communities and Local Government (DCLG), house prices fell in December to February this year by 12.3 percent compared to last year, and the average house price is now around £189,000.
Like many real estate sectors, the Indian retail property sector relies solely on continual growth to survive and that growth has come to a standstill over the last few months as the credit crisis takes it’s toll.
The over valued, over leveraged buy-to-let property market in the UK is now coming to terms with a new reality. The lenders had written clauses into many buy-to-let mortgages which insist on a certain level of equity being held in a property, and most buy to let mortgages taken out in the last few years are now falling below that ratio. Terms vary, but several banks have already exercised their right to insist on a capital injection from the borrower, as property prices in Britain continue to decline.
