23.11.2011 - UK: Housing market 'unlikely to recover', says Bank of England expert |
The housing market is unlikely to ever recover from the financial crisis and it may prove economically beneficial for fewer people to own property, a senior Bank of England expert warned. David Miles, a member of the Bank’s Monetary Policy Committee, suggested that people may have to wait until they are in their forties to buy a home as banks will not offer large mortgages...............................................Full Article: Source |