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ARTICLE · 05 NOVEMBER 2008

RP Issues A Briefing For Registered Providers

Smith & Williamson
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The credit crunch has taken a firm hold on the property market and RPs look set to suffer as a result of the economic downturn. We look at the specific problems being faced and how RPs can work to overcome them.

United KingdomReal Estate and Construction

The credit crunch has taken a firm hold on the property market and RPs look set to suffer as a result of the economic downturn. We look at the specific problems being faced and how RPs can work to overcome them.

RPs SUFFERING IN THE PROPERTY MARKET CRASH

We look at the effect the downturn in the housing market is having on RPs' accounts

As property sales plummet, what measures can RPs take to minimise the impact?

The global credit crunch has hit the UK property market hard, with Nationwide and Halifax stating that house prices have fallen nearly 11% in the past year. Lack of mortgage availability and a fall in consumer confidence has led to a downturn in the housing market, the effects of which could be far worse than those encountered in the 1990s. The demise of Lehman Brothers, HBOS and Bradford & Bingley has also added to the misery.

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