Thursday, October 21, 2010
From the idiots mouth
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.