A feature of the UK stock market in 2008 has been the total collapse of share prices for companies exposed to the UK housing market.
This includes house builders, distributors of building products and financial companies that lend against property. It has been ferocious and may not have ended yet but one thing is certain – it won’t last forever.
Not only that but the recovery, when it comes, could be dramatic suggesting that buyers of shares at today’s prices could make substantial profits as the cycle unfolds.
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Savills a good indicator
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