03 February 2012
The UK magazine money week are full of doom and gloom on the UK Housing market stating that for a decade, investing in property looked like a dead cert. All you had to do was buy a property and then sit back and watch it soar in value. But now the good times are officially over. Britain is in the grip of a full-blown house price crash. In fact this is already the worst house price crash on record, far bigger then the slump in the 1990's with house prices back to 2004 levels.
Here in Jersey we have also seen a drop in house prices although the banks are still open for business and continue to compete with each other on products and rates as long as you meet their criteria.