Sam Fleming and Becky Barrow, Daily Mail
House prices are 30% too high in the UK and could soon collapse, the International Monetary Fund said yesterday.
After a decade-long housing boom, it fears Britain is one of the most vulnerable countries in the world to a devastating price collapse.
In a further blow, the Bank of England warned […]
Entries from April 2008
UK homes overvalued by 30% says IMF
April 4th, 2008 · No Comments
Tags: Housing News
UK in debt binge as mortgage tap closes
April 3rd, 2008 · No Comments
Homeowners have gone on a borrowing binge as cheap remortgaging deals dry up. Credit card debt went up by £350m and bank loans and overdrafts soared by £2bn in February.
It was the highest monthly increase since records began in 1987, according to today’s Bank of England figures.
City economists said the ‘bizarre’ jump in consumer borrowing […]
Tags: Debt Crisis
Annual house price growth down again
April 1st, 2008 · No Comments
Annual house price growth fell for the sixth month in a row during February to its lowest level since 2006, figures showed today.
The average cost of a home in England and Wales rose by just 5.3% during the 12 months to the end of February, the slowest rate of gain since July 2006, according to […]
Tags: Housing News