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Michael Ayton
The number of people out of work in the UK has risen again, reaching a new height not seen for 17 years. The Office for National Statistics believes 114,000 more people are out of work increasing the total number of economically active people unemployed to 2.57million (8.1percent). This is another frightening statistic to arrive off the conveyer belt of economic troubles for the UK and indeed, it...
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The economic climate all over the world has been rough over the last few years to say the least, but one of the markets that has suffered the worst of the economic downturns is the property market.
The UK housing market has a significant impact on the UK economy as almost 78 per cent of households are privately owned. Home ownership rates are amongst the highest in Europe...
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What is an economic bubble?
An economic bubble can be sometimes referred to as a speculative bubble, a market bubble or a financial bubble; basically it is a trade in products or assets with inflated values.
Economic bubbles date way back to the 1630’s where the ‘Tulip Mania’ bubble took place; the price of the bulbs of the newly int...
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Our perspective of the United States residential property market is still miserable in spite of some local real estate markets thriving, according to new studies.
Five years after the peak of the market, prices are still not rising overall, with an anticipated increase of just 0.7% for 2011, the research report shows.
It is the result of surveying the...
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Written by Michael Ayton
“An Englishman’s home is his castle” is an old saying that reflects ancient liberties, but in the last forty years there has been a deep cultural change in the UK that you might imagine that it refers to some deep seated love of property investment. Let us begin with a brief history lesson.
The early 1970s saw the Heath government preside over a credit driven property boom, the so called R...