Sunday, Jun 17, 2007
The end of cheap credit
Telegraph online: £1,300,000,000,000 in debt
Mervyn King announces that individuals may have borrowed unwisely. Pundits wonder if the housing market will survive Christmas.
Posted by steve baker @ 07:50 AM (157 views) Add Comment
1 Comment
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1. Alan said...
The housing market will survive because 95% of owners already own their own property or bought more than 5 years ago when prices were lower and affordable.
Does anyone know exactly what percentage of people own their own home in the UK?