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News that the usually lucrative month of October has seen the public purse pushed further into debt for the first time in 14 years has sparked serious criticism of Gordon Brown's recent policy....
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Friday 25th July 2008
Comedian Harry Enfield has shown a prowess for property investment on a par with some of his more popular comedy character which included the famous ‘Loadsamoney’ character which made his name. It has been reported that Enfield has sold his Notting Hill home for a staggering £12 million pounds, netting him a profit of £10 million on his original £2.5 million outlay, in just 9 short years. So is the market softening or was this a one off?
While it would be nice to report that the market is showing signs of recovery this is not yet the case as more and more home owners struggle to keep up with payments on houses which have been falling in value. The higher end of the property market is a very hit and miss affair with a number of foreign investors still keen to become involved in the UK housing sector and more millionaires and billionaires choosing to settle on the UK shores. To this area of the market money is often no problem if they have decided that they want a certain property.
Unfortunately, the general picture for the UK housing market is still one of trouble and strife at the moment. |
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