Spain’s Inflated Home Values Infect Mortgage Bonds (Update2) - BloombergJuly 31 (Bloomberg) — Jose Maria Gonzalez is struggling to unload a four-bedroom apartment in Madrid so he can pay for the 480,000-euro ($750,000) house he now lives in. His problem may wind up hurting investors in Rome and Hong Kong he’s never met […]
U.K. House Prices Drop Most Since 1991 as Confidence Weakens - BloombergJuly 31 (Bloomberg) — U.K. house prices declined the most in almost two decades in July and consumer confidence fell to a record low as the economy edged closer to a recession. The average value of a home dropped 8.1 percent from a year […]
Housing market When the tap turns off - Economist
Property News
Housing market When the tap turns offEconomist, UK - 42 minutes agoIn March (the most recent month for which data are available) the average outstanding mortgage in this neighbourhood was 91% of the value of the property it …UK Mortgage Report Sees Pain Into 2010 Wall Street JournalCrosby […]