Wednesday, February 6, 2008
How do we rate this “expert”?
The U.K. housing market slump won't last long, and interest rates are unlikely to decline quickly, former Bank of England policy maker Stephen Nickell said.... ``The actual size of the downturn is minute,'' Nickell, who now advises the government on the residential property market, said in an interview in London yesterday. ``How big is it going to be? I don't know, but it won't be very big.'' He is now a professor at Oxford University and chairman of the National Housing and Planning Advice Unit, a group set up to counsel government ministers on how to protect the interests of people priced out of the property market.