Wednesday, May 02, 2007
More of what we already know, but it all helps
The Market Oracle: UK Housing Market Heading for a Property Crash
The next rise in UK interest rates to 5.50% is anticipated in a little over a weeks time. This is expected to further impact on a slowing housing market in the UK. Statistics from the British Bankers Association showed a drop in the rate of mortgage approvals by 8% despite the market entering the traditionally strong summer period.
Posted by mr cobblepot @ 11:06 AM (165 views) Add Comment
1 Comment
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1. Davros said...
Don't read anything this bloke has got to say.
He had an article not too long ago about how affordability measures were wrong, houses were cheap and there was no possibility of a crash.
Nice one Mr Consistent.