Summary
HOUSE price angst is rising nearly as fast as house prices. Though signs of credit strain are ever more frequent and household debts are mindboggling, nothing seems to stop the market, not even the formidable figure of John Prescott, the Deputy Prime Minister.
The Office of the Deputy Prime Minister has published monthly housing statistics since last September. The latest show a rise of 9.8pc in the year to February, much more modest than the 16.7pc year to March rise reported by Nationwide and the Halifax's 18.5pc.See the full content of this document
Extract
Doom Stalks Housing Boom
Is this the first sign of the slowdown that sceptics expect, or of the 30pc price fall forecast by fund manager Tony Dye, the bearish 'Dr Doom' who predicted the bursting of the technology shar...
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