Thursday, October 21, 2010

From the idiots mouth

House prices to fall, says Bank of England

House prices will fall next year, the Bank of England has warned, as home loans become harder to secure amid government spending cuts. The warning will add to growing fears about a double-dip in house prices after values dropped by their ever biggest monthly amount in September. The massive job cuts in the public sector and the squeeze on household budgets announced by the Chancellor this week are expected to make it even harder for buyers to secure finance.

Posted by mark @ 03:57 PM (1626 views)
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5 thoughts on “From the idiots mouth

  • More Bear food. Yummy.

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  • mark wadsworth says:

    Yum.

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  • Of course, BOE have always been right…

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  • crash bandicoot says:

    Who’d have thought it eh? If the bank “forecasts” it then it’s a done deal. I might now stop viewing this site and go over to youcantgowrongwithbricksandmortar.com just so that I can continue to be an outcast.

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  • tenyearstogetmymoneyback says:

    crash bandicoot

    Not a real site unlike http://www.housepricerise.co.uk/

    Pleased to say they don’t seem to be taking it seriously with an amusing link to Gordon Browns “downfall” from the home page

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