UK housing bubble is bursting and it's serious (Daily Telegraph)
Story date: 2008-04-08 03:48:58
Added on: 2008-04-08 04:00:04
Prior to the events of last summer, the UK had undergone the biggest investment boom since the late nineties. This was not the promise of new technology that will revolutionise business and increase profitability, like the dot-com bubble. Instead, the latest craze is something you can paint magnolia and turn over at a 15pc profit - housing.
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