Home economics: house prices and stock market turmoil

A week of turmoil on world equity markets and somewhat drastic action by the Fed to try to avert a recession in America will have done little to bolster the confidence of housebuyers here

The Sunday TimesJanuary 27, 2008

A week of turmoil on world equity markets and somewhat drastic action by the Fed to try to avert a recession in America will have done little to bolster the confidence of housebuyers here. Although the fundamentals of the British housing market remain intact, there is a lack of confidence, which has led to a sharp fall in the number of properties that have changed hands over the past year. Prices, however, have not been so adversely affected. Most recent indicators have reported a slowdown in the rate of growth, with only small, localised price falls - full article