Friday, September 29, 2006
Property Prices Could Slump……Most Viewed Article!!
Property prices could slump: Experts warned that the housing market could be heading for a "mini-crash" next year after new figures showed property prices are jumping ahead again. The growth rate was faster than economists expected, and led some to speculate that this mini-boom would be followed by a mini-bust in 2007. They trace the market's recent strength to the Bank's decision to cut rates to 4.5pc in August last year, but speculate that its decision last month to reverse this cut will soon bring activity back to earth with a bump. Edmund Conway, Economics Editor Telegraph (Filed: 28/09/2006) Reported.