Marching_On_Together

by **Twong** on Wed Mar 26, 2008 11:13 pm

http://www.dailymail.co.uk/pages/live/a ... ge_id=1770

'We won't slash rates,' says Bank governor King as he warns inflation could hit 3%

Mr King admitted that if the fragility in financial markets persisted, the consequences would be "more serious", but predicted stable house prices as the boom of recent years recedes.

He said: "I would be surprised in a few years if house prices are markedly higher than they are now. House prices should be more in line with average earnings."

This contrasts with more gloomy data from the U.S. this week which showed a fall of more than 11 per cent in average house prices in the year to January.

by **Twong** on Sat Mar 29, 2008 1:48 am

http://www.dailystar.co.uk/news/view/33 ... th-in-Row/

The average cost of a home in the UK dropped by 0.6% during March, the Nationwide Building Society said.

At the same time, annual house price growth also continued to ease, slowing to just 1.1%, its lowest level since March 1996.

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