Thursday, Nov 29, 2007
Our party looks more and more certain
Times: Mervyn King in stark housing warning as prices slide
"the Bank Governor says first signs of credit crunch contagion will be in property" "House purchase approvals, a strong indicator of demand, slumped more than 20 per cent to 102,000 between the end of last year and September, Ms Earley said. She added: "We expect this activity to continue to fall back throughout the rest of this year, and into the next."
Posted by confused76 @ 04:47 PM (451 views) Add Comment
3 Comments
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1. x blogger said...
I don't think I have any Champagne left after all the recent negative news lately.
Maybe my landlord will have a spare bottle now he has no need for it. lol
2. sold out said...
As it is clear that the crash/correction has started when and where will the hpc bloggers party take place?
3. dohousescrashinthewoods said...
I believe the Land Registry offices is the venue. If the next set of figures continues the trend, I'll definitely be ordering my t-shirt.