Wednesday 5 December 2007

UK: Decade Worst Performance


"U.K. house prices fell for a third month in November, the worst performance in more than a decade, and consumer confidence slumped, signs that rising credit costs are hobbling growth in Europe's second-largest economy."

"The average cost of a home in Britain declined 1.1 percent to 194,895 pounds ($400,000) from a month earlier, after a 0.7 percent drop in October, a report by HBOS Plc said today. Prices last fell for three months in a row in 1995. Consumer optimism declined the most in at least three years, Nationwide Building Society said."

Will the contagion start next year for Finland?

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