Thursday, Jun 28, 2007
The brakes are definitely being applied but there is no danger of a crash just yet
Times: The brakes are definitely being applied but there is no danger of a crash just yet
No one has lost money in recent times betting that Britain’s house prices will confound predictions of gloom and keep motoring ahead.
The property boom has rolled on relentlessly even as the thwarted predictions of sundry commentators forecasting a crash have piled up. But with interest rates at a six-year high and growing signs that the market is losing steam, the Cassandras are emerging again to prophesy collapsing prices. The big question is, will they be proved right this time?
Posted by david20040_0 @ 10:52 AM (150 views) Add Comment
3 Comments
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2. Ah-so said...
that old chesnut of a couple of years of subdued growth somehow increasing affordibility. It will, very marginally, but will hardly make up for years of excessive house price growth.
3. shipbuilder said...
'All those doomsayers that predicted that night would follow day have been consistently proven wrong since this morning - despite some modest darkening this evening, we confidently expect that we will settle in a state of permanent twilight.'