Friday, September 21, 2007

RICS 1 in 10 chance of a crash

Q&A: How Stable Is British Housing?

LONDON - A candid prediction that there was now a one in 10 chance the British housing market would crash, thrust the chief economist of the real estate trade group Royal Institute of Chartered Surveyors into the spotlight this week. caught up with Simon Rubinsohn on Thursday to ask him how the subprime mortgage crisis in America was affecting Britain, and whether the bank run at mortgage lender Northern Rock (other-otc: NHRKF - news - people ), was a sign things could get worse.

Posted by ash4781 @ 08:40 AM (728 views)
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