House Price Alarm Bells Ring in Ears of Soft-Landing Optimists

Evening Standard - London › June 15, 2005

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Summary

SUDDENLY, the idea of an early Nineties-style housing crash does not look quite so fanciful.

Grim reports in recent days have cast doubt on the widely held belief that the market is on course for a soft landing.

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Extract

House Price Alarm Bells Ring in Ears of Soft-Landing Optimists

Halifax set alarm bells ringing last week with figures showing a 0.6% price drop in May, the sharpest fall since last October. The mortgage lender said the trend was much lower than sugges...

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