Loans and Finance

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Thursday, December 20, 2007

Stable Houses

It seems that the UK housing market might experience some near term weakness, but house prices should remain broadly unchanged during 2008.

That at least is the optimistic message from the Royal Institution of Chartered Surveyors (RICS).

RICS expects the Bank of England to lower interest rates to 5% during the first half of 2008.

RICS expects repossessions to rise to 45,000 from 30,000 next year.

Some seasonal cheer at least.

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