House price forecasts remain gloomy as credit crisis brightens
The Bank of England’s Financial Stability report, published today, is upbeat on the credit crisis suggesting that banks’ losses may be only around half of the $400 billion (£202 billion) estimated, and that confidence should now be returning to the money markets.However, the report’s stance on the UK housing market is not so encouraging because [...]
House price forecasts remain gloomy as credit crisis brightens
