Rat and Mouse
Fri
13
Jul
US bank looks at UK property market and says: don't panic

The Bank of America - armed with a recent property market slump experience - has been looking at the UK market. Apparently, it's all about the 20%. UK houses are overvalued by 20%, and there's a 20% chance of a catastrophic crash. But - mostly - they think prices will stultify... offering "very subdued" inflation until 2010. More here.

That's it from us until Monday - have yourselves an entirely unsubdued weekend.

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