The Eurozone has become a very extreme example of the dangers inherent of creating a single currency area populated with a myriad of different countries and regions. There is little doubt that the right monetary policy for Germany is not…
Tag Archives: UK housing market
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The July RICS survey continued the worrying trend of weaker UK data that has been in evidence since the preliminary UK Q2 GDP data release on July 23rd. It seems that the economic slowdown that has been evident in the…
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Today’s mortgage approvals numbers came out at a record low (see this comment for why we love mortgage approvals so much). Weakening mortgage approvals is no surprise – the housing psychology is moving to a bear market from a buyers…
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US housing crash now worse than during the Great Depression
- Topics
- property market, US
Posted June 5th, 2008
US data released last week showed that US house prices fell by 14.4% in the year to the end of March (this is the S&P/Case-Shiller Composite-20 Index, which the market tends to focus more on – the S&P/Case-Shiller Composite-10 Index…
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One of our favourite economic lead indicators was released yesterday – the rate of new mortgage approvals in the UK. Readers will probably be familiar with this by now as we discussed mortgage approvals in October, November and January. Mortgage…
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How much do homeowners stand to lose on the UK housing market?
- Topics
- property market, UK
Posted April 17th, 2008
At the beginning of October last year, Richard asked “Is the UK housing market on the brink?” (read article here). Conclusion – little danger of collapse in the short term, but any dropping away of mortgage approvals would change this…
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Housing market : Down down, deeper and down
- Topics
- mortgages, property market
Posted January 30th, 2008
The US housing market is getting worse and worse, and the UK looks set to follow it. Yesterday saw the monthly update on the disaster that is the US housing market. Figures showed that the downturn is accelerating – the…










