Rat and Mouse
Wed
23
Nov
Bank of England member: property, it's over

Nicely timed to coincide with the Government's latest initiative to help first-time buyers onto the property ladder with 95% loans, the Bank of England's own David Miles is quoted in the Telegraph suggesting house prices are unlikely to ever return to 2007 prices, and that renting might be the choice of the future. Don't shed a tear, though, he says, it might be the healthiest outcome for all of us. More here.

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Comments

I'm surprised it has taken them that long to work it out. The property market outside of London has been bad for the last 2 years. London is different, lots of overseas buyers and rich bankers are keeping prices high.

http://www.sittingtenants.com/types-of-tenancies/sitting-tenants.html

Posted by Sitting Tenant Man at November 23, 2011 2:51 PM


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