Wednesday, Apr 30, 2008
Blanchflower calls for interest rates to be slahed to help limit a correction in the housing market
Telegraph: UK house prices now falling year-on-year for first time since 1996
Speaking yesterday, Professor Blanchflower said: " In my view a correction of approximately one third in house prices does not seem implausible in the UK over a period of two or three years if house price-to-earnings ratios are to be restored to more sustainable levels."
Posted by steve g @ 07:33 AM (163 views) Add Comment
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