Everybody relax. The British housing crash has been cancelled. We can all get back to browsing real ...
Everybody relax. The British housing crash has been cancelled. We can all get back to browsing real estate brochures and calculating how much richer our house has made us in the past five minutes. Who says? None other than Mervyn King, the governor of the BoE. In November, King played property pundit, and a bullish one at that. "Housing activity appears to be picking up to its long run average," he claimed. His optimism is premature. The housing market crash of the early 1990s was stretched over years, not months. In the UK, unemployment is rising. So are personal bankruptcies. And growth...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
