The housing market hasn’t hit bottom yet
Sep 25 2009 MoneyWeek
Property companies are calling the bottom of the market, reports The Times.
Taking advantage of investors' current generous mood, housebuilders Barratt and Redrow, and shopping centre group Liberty International stuck out their hands for a total of £1.13bn. The money will be used to pay off debt and build up land banks now that land is "cheap."
We suppose you could suggest that this marks the bottom.
Or perhaps, it just shows that companies can't believe their luck, and are rushing in to grab some easy money from institutions and individual investors before they return to their senses...
http://www.moneyweek.com/investments/property/uk-property-housing-market-hasnt-hit-bottom-yet-939.aspx
25
September
The housing market hasn’t hit bottom yet
Sep 25 2009 MoneyWeek
Property companies are calling the bottom of the market, reports The Times.
Taking advantage of investors' current generous mood, housebuilders Barratt and Redrow, and shopping centre group Liberty International stuck out their hands for a total of £1.13bn. The money will be used to pay off debt and build up land banks now that land is "cheap."
We suppose you could suggest that this marks the bottom.
Or perhaps, it just shows that companies can't believe their luck, and are rushing in to grab some easy money from institutions and individual investors before they return to their senses...
http://www.moneyweek.com/investments/property/uk-property-housing-market-hasnt-hit-bottom-yet-939.aspx