Investment firms are already facing massive holes in their books as office space around the world goes unlet and devalues.
In my area we're already seeing people trying (and failing) to sell at reasonable prices. The average mortgage repayments are set to rise by £6kpa. It won't be afforded for long.
Yes, I'm sure someone will clean up, but it won't buoy prices and it'll only make the long term picture worse.
In my area we're already seeing people trying (and failing) to sell at reasonable prices. The average mortgage repayments are set to rise by £6kpa. It won't be afforded for long.
Yes, I'm sure someone will clean up, but it won't buoy prices and it'll only make the long term picture worse.