Sunday, Jun 22, 2008
UK housing - the pyramid scheme comes unstuck!
Independent: As first-time buyers vanish, the lights go out across Britain
House price inflation scared them away. Now prices are falling but they're still not coming back – undermining the market and putting estate agents and builders out of business. Richard Northedge reports
'....CML is so unsure of the housing market's future that it has abandoned forecasting prices beyond predicting a 7 per cent fall this year – which the Halifax says has already happened. "We see this as a very difficult market to call," admits Ms Anderson at the CML. "The really core thing for us is what sort of effect the Bank of England funding intervention has." '
Posted by rental john @ 01:06 PM (121 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.