Thursday, 28 August 2008

UKCIG witness a fall of 10.5% in the value of property in the U.K

Earlier today in the mass media the fourth largest mortgage lender in the UK Nationwide announced that in the last year property prices in the UK have fallen by 10.5%. House prices in the UK have fallen for 10 straight months in a row and economist's have forecast potentially a fall of 35% since the peak.

This is one of the main reasons that UKCIG has been limiting its own as well as their clients exposure to property in the UK.

Even though large parts of the world's property market's look to be contracting UKCIG has still identified area's where property prices aer still appreciating due to robust economies and large shortages of property.

If you want to learn more about some of these regions have a little over some of our projects in the UAE.

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