ThisisMoney: Homes boomlet may subside
HERE is a puzzle. Why is the housing market looking so strong when families are weighed down with record levels of debt? What can be safely said is that residential property is in the middle of a boomlet. In the London suburbs, where I live, barely a day passes without one of those 'come on' letters from estate agents popping through the letter box temptingly telling me that the firm has a number of buyers on its books. No one apparently bothered to warn them about Terminal 5.