Wednesday, 20 January 2010


Two interesting developments from the UK.First of all unemployment actually fell by 7000 in the Sept-Nov quarter.This is unexpected as unemployment was meant to be on a solid upward curve well into 2010.
Secondly the unexpectedly high inflation figure of 2.9% that was recently announced has fuelled speculation that UK interest rates are about to rise.The side effect of this is that the pound stands at 2.22lv, its highest in months.

That was the good news, the bad news is that Colliers International are predicting a further 10% property price fall in Bulgaria in 2010 However there appears to be a consensus now among the more reliable observers, that 2010 will see the bottoming out of the market. This could be the beginning of the end of the slump.

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