What is going on with the UK economy?

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  1. #1

    Join Date
    Jun 2005
    Posts
    65

    What is going on with the UK economy?

    is it total meltdown? Property is generally 10% down on a year ago.
    I see the excange rate HK$ to pound is at about 14.
    at what point do you step in and start buying up property etc. over there?


  2. #2

    Join Date
    Oct 2005
    Location
    Sham Tseng, NT
    Posts
    452
    Quote Originally Posted by Bogs:
    is it total meltdown? Property is generally 10% down on a year ago.
    I see the excange rate HK$ to pound is at about 14.
    at what point do you step in and start buying up property etc. over there?
    They are at the verge of a recession. Buying property is now a bit to soon to consider imo.

    If you are interested specifically in London, this might be a good link for you Properties for London - London Property Blog

    From my personal point of view (have a sister living there + am selling in UK), business sentiment and retail sales are extremely poor right now and no signs of improvement in sight. Generally 2009 will be considered a lost year for business in UK (and probably similar deal in EU).