Relevant:
- U.K. House Prices Rise as Cash Buyers Boost Demand for London Properties
- U.K. House Prices Little Changed, Will Struggle to Gain, Acadametrics Says
- U.K. House Prices May Decline as Government Cutbacks Undermine Confidence
- U.K. House Prices Drop Most in Seven Months on Economic Recovery Concerns
- London House Asking Prices Increase to Record as Demand Spreads to Suburbs
2012-05-11 — bloomberg.com
The property market is struggling to recover as tight lending conditions, high unemployment and falling consumer confidence undermine demand. Still, Bank of England policy makers halted their stimulus expansion yesterday as inflation risks outweighed concerns about an economy that has succumbed to its first double-dip recession since 1975.
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