UK REAL ESTATE

Real Estate prices in the U.K are headed down. The FTSE 350 Real Estate Index has also corrected sharply, returning to levels last seen in 2004-2005.
Tightening credit conditions and looming job cuts at London banks are contributing to negative sentiment in the housing market.

Consumer Debt levels in the UK remain high and as prominent homebuilders struggle to raise capital, property prices are declining to new lows.

http://www.cnbc.com/id/25488999

http://www.bloomberg.com/apps/news?pid=20601068&sid=aFs.PFqy8CEk&refer=home