Thursday, January 29, 2009
“Huge pent-up demand”
"The risk of another housing bubble is huge," said chief executive of Shelter, Adam Sampson. "Demand has not gone away and, once mortgage lending comes back, there is a danger that huge demand will be unleashed and the increase in house prices will be very sharp indeed." He called on Gordon Brown to put together a fiscal stimulus package for the construction sector, to meet future demand and save thousands of jobs in the industry.