Monday, November 28, 2011
Report
U.K. Home Prices Fall and Worse to Come as Confidence Ebbs, Hometrack Says
U.K. house prices dropped for a seventh month in November and the pace of decline may accelerate as weak consumer confidence erodes demand, property researcher Hometrack Ltd. said.
Posted by dill @ 09:42 AM (3509 views)
3 thoughts on “Report”
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Thecountofnowhere says:
By worse….they mean better.
hpwatcher says:
Good.
general congreve says:
The BoE can QE all it likes, but it can’t really force interest rates much lower or make banks lend against a broken market. All it will cause is more inflation to destroy peoples ability to service rents and mortgages. Looks like they are fresh out of sand bags to fight the rising tide.
Short of the government issuing 95%+ mortgages directly, we are probably at the point of capitulation.