Market Changes
The UK housing market is due for a slow down and how much it will change is going to be directly affected by US choices in the next twelve months. You will find that even though the housing has seen to stabilize the actual prices have fallen by 6.7 percent in the year. This percentage was recorded as of October. In the US history this is the sharpest decline seen for twenty years. The thing about the US economy having an effect on other economies, especially in the UK is that the banks are all linked in some manner.
As we saw with Northern Rock they had some investment overseas, which directly affected the UK economy. All though the issues have been relatively small so far in the UK as well as the US there are still some concerns. The US has seen a slowdown in the malls, especially during the Christmas season. There have also been effects of the US economy on China and India. Though Chine and India are still growing strong there is still a chance that a recession will occur in the US and therefore start affecting the rest of the world’s economies.