A housing market bust is likely within the next few years because house price growth has been grounded in unrealistic expectations of double-digit annual rises, a report by a prominent economist and former adviser to Gordon Brown will warn on Wednesday.
Housing bust ‘likely in next few years’
By Chris Giles, Economics Editor
Financial Times
Published: November 21 2006 22:53
2006-11-21 22:52:00 · 3 answers · asked by LongJohns 7 in Politics & Government ➔ Other - Politics & Government
You have out of sight housing prices over there too? The market here(US) is finally cooling off. Now maybe regular people just might be able to think about buying a house again.
2006-11-21 22:56:24 · answer #1 · answered by Anonymous · 2⤊ 0⤋
My Brother-in-Law just moved back to Alberta, Canada from Manchester. Your house prices in the UK are astonishing! I sure couldn't live there! Even though the prices in Alberta have risen over 100% in the last four years it still doesn't compare to England. I hope something gives for your sake...
2006-11-21 23:02:00 · answer #2 · answered by redcoat7121 4 · 1⤊ 0⤋
Not if the Easten Europeans are allowed in. They will need to be housed.
2006-11-22 00:00:07 · answer #3 · answered by Jomtien C 4 · 0⤊ 0⤋