24.11.2011 - UK: Housing market may not recover from financial crisis

Owning a home could be put further out of reach for many Britons as the Bank of England has warned the housing marketing is unlikely to recover from the financial crisis. Bank of England Monetary Policy Committee member David Miles said there is a possibility that house prices will not return to the pre-recession levels a banks are more reluctant to provide loans, according to The Telegraph...............................................Full Article: Source

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