Shown By You Blog

As you’re probably already aware, yesterday was a bad day for the stock markets and today promises to continue the downturn as the US returns to work after a holiday. Already being called the worst day for the global markets since 9/11, the falls have been triggered by an increasing fear of global recession.

At the bottom of all this is the crisis in the US sub-prime mortgage market. This site from the BBC offers a some good background information.

As far as the property market goes everything at the moment seems to be six of one and half a dozen of the other. One day we see articles warning (again) of property slow down, falling prices and impending crashes, the next day we hear optimistic news about steady increases and improved outlooks.

In the mean time we wait to see what will happen. Another drop in interest rates may be on the cards.