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205 Posts in 150 Topics- by 2144 Members - Latest Member: SusEmibribrob

November 19, 2008, 10:48:35 PM
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Author Topic: Foreclosures in other countries ?  (Read 335 times)
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lakerfan
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« on: August 21, 2008, 03:07:25 AM »

Hello,

Another question for all the folks on this forum  Grin

I am well aware that the United States is currently experiencing a real estate bubble but I am also wondering if other countries experiencing the same thing.

Thanks again for all your help  Smiley
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OCL6
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« Reply #1 on: August 21, 2008, 03:41:33 PM »

Due to the globalized nature of the financial industry, many nations are hurting from the Subprime Mortgage crisis and mass of forclosures facing the United States. Western European nations such as the United Kingdom, Ireland and Spain   have been hurt particulary bad. Canada's housing market has also started to cool down. Other European markets such as France and germany may soon feel the effects of a housing downturn as well.

In terms of foreclosures, the UK has probably felt the biggest pinch.

This may be a good time to buy real estate in other parts of the world as this is truly a global housing correction with bargains to be had all over.
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