Thursday, June 26, 2008

Only good thing the PM did was to make this bank independent

BoE's King sees significant drop in housing market activity

LONDON (Thomson Financial) - Bank of England governor Mervyn King said UK housing market activity is likely to slow markedly and it is very unclear how long it will be until a recovery sets is. Appearing before the Treasury Select Committee, King said house prices had reached a level that was difficult to rationalise and it is now very uncertain how far they are likely to fall, meaning people will stay away from the market.

Posted by landedgentry @ 11:25 AM (509 views)
Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>