09.07.2009 - Nickell says U.K. housing market not ready to recover

From Bloomberg: The U.K. property market won’t pull out of its slump until banks become more willing to lend, former Bank of England policy maker Stephen Nickell said. “Mortgage rationing for first-time buyers is the fundamental factor,” Nickell, now a government adviser on housing policy, said in a telephone interview yesterday........Full Article: Source

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