first_imgWednesday 1 September 2010 8:44 pm whatsapp KCS-content whatsapp Giant predicts property pain Sharecenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoHero Wars Advertisement This game will keep you up all night! Hero Wars UndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com HOUSE prices could crash by up to 20 per cent as interest rates rise, the outgoing head of Britain’s largest retail stockbroker warned yesterday.Peter Hargreaves, who steps down as chief executive of Hargreaves Lansdown today, said residential real estate values would be squeezed by tightening monetary policy while commercial property would be hit by government spending cuts.“I can’t see much of a future for property with the lack of mortgage money and the fact these cuts are going to create a glut of commercial space as the public sector vacates buildings,” Hargreaves told City A.M. “House prices need to be 20 per cent lower. The only reason they’ve held up is interest rates are so low – when rates rise my gut feeling is a lot of people will chuck their keys away.”His remarks come amid growing fears of a second downturn in the housing market. Data from the Bank of England (BoE) this week showed mortgage lending fell to a four-month low in July. Economists expect the BoE to gradually raise its base rate from 0.5 per cent to around two per cent by the end of next year.However, Hargreaves said his greatest worry was the coalition shirking from the deep spending cuts outlined in June’s emergency Budget.Despite the bleak outlook, Hargreaves Lansdown raised its full-year profit before tax 18 per cent to £86.3m. Revenues rose 20 per cent to £159m as clients chased inflation-beating returns from their investments. The Bristol-based network paid a second special dividend of 1.7p, after March’s unexpected interim payment of 1.6p, both of which came on top of a regular payment of 8.58p.Hargreaves is replaced at the top by Ian Gorham, who joined in 2009 from Grant Thornton’s financial team. Tags: NULLlast_img