Fears of a renewed house price spiral were growing today after figures from Nationwide building society showed an alarming 1.2% rise in the cost of the average British home. The increase, the worst in 19 months, provoked warnings that the Bank of England will be forced to raise interest rates, choking off an early recovery in the economy.
A different approach, by Patrick Collinson, in the Guardian, and definitely the Rat and Mouse's choice of property piece of the week.
Technorati Tags: property, real estate
One day prices are rising, the next they are falling.
Serious long term property investors ride out these cycles and invest with a sound, long term strategy.
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Posted by Discount Landlord at October 21, 2009 5:13 PM
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