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  • BUSINESS / PROPERTY: World financial markets fall: Impact on property market

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BUSINESS / PROPERTY: World financial markets fall: Impact on property market

A drop of 350 points on the stock exchange in two days knocked 63 billion pounds off the value of the Footsie top 100 companies. Prompted by the collapse of the riskier end of America's mortgage market, it all pushes the cost of borrowing up. In the long term, higher rates could mean a lower value for homes.

ITN Source | August 13, 2007Watch more videos from ITN Source

Tags:. .markets. .points. .americas. .rates. .source











Americas   Billion   Borrowing   Collapse   Companies   Cost   Drop   Exchange   Fall   Financial   Higher   Impact   Knocked   Lower   Markets   Mean   Mortgage   Points   Pounds   Prompted   Property   Pushes   Rates   Riskier   Source   Stock   Term   Value