Tuesday, November 10, 2009
Cheap money to keep the party going
Overall, a bullish article and some of the arguments given in favour of rising prices seem quite reasonable. This bit caught my eye, however: "Cheap money remains a critical prop for the market and this is being reflected in the continuing appetite for finance from first-time buyers despite the large deposits still being demanded by lenders" said Jeremy Leaf of Royal Institution of Chartered Surveyors. Will we ever be able to raise interest rates?