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House price rises put UK in Europe's top five
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Amnesia10
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Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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http://www.guardian.co.uk/money/2010/ma ... urope-ricsYes but many parts of Europe did not have bubbles, some others did. Spain Ireland and Netherlands had big bubbles. As did the UK. The fact that interest rates are far too low has provided too much support for property prices and considering that the recession looks like getting really bad in 2011/12 our problems will be delayed till then. We have had a huge property bubble and they are still too high.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Tue Mar 02, 2010 4:45 pm |
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big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
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Germany was "badly" affected by the economic crisis, but mainly in industry and banking.
House prices dropped a bit, we managed to save about 20K over the high, buying at the end of last year.
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
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| Tue Mar 02, 2010 5:54 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Germany did not have a property bubble. Though some property prices fell because of panicked owners. The real damage came when world trade collapsed. Germany lost most of its exports for a while. The banks were affected by the same problems as the rest of Europe. Good for you. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Tue Mar 02, 2010 7:08 pm |
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big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
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That was my point. Industry was badly affected, but the housing market was left pretty much unaffected.
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
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| Wed Mar 03, 2010 5:24 am |
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