Thursday, Jun 26, 2008
Only good thing the PM did was to make this bank independent
Thomson Financial: BoE's King sees significant drop in housing market activity
LONDON (Thomson Financial) - Bank of England governor Mervyn King said UK housing market activity is likely to slow markedly and it is very unclear how long it will be until a recovery sets is.
Appearing before the Treasury Select Committee, King said house prices had reached a level that was difficult to rationalise and it is now very uncertain how far they are likely to fall, meaning people will stay away from the market.
Posted by landedgentry @ 11:25 AM (135 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.