U.K. House Price Surge Confirmed

by: Dave Wrixon

Turnaround is now confirmed by one of the most reliable sources. Nationwide figures tend to be skewed to the Southeast as compared with the other major source, The Halifax, reflecting the geographical origins of the two organizations.

Upturn in UK House Prices confirms that the reflection of the collapse of the US economy on others is largely an illusion, and that this crisis is essentially a US problem. Sure the UK will have lost some exports, but I guess what we are seeing is that whilst London is affected by the general downturn, it is also benefitting from the fact that Wall Street's credibility is shot to bits.