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Slowdown in housing market
April 2007
Increasing inflation is likely to have a knock on effect in the housing markets.
It is widely accepted that interest rates will have to increase to 5.5% in May and posibly furtehr later in the year.
A higher cost of borrowing will hasten the long-awaited slowdown in Britain\'s over exuberant housing market.
A wholesale crash is unlikley but the market may stagnates for several years to allow people\'s earnings to ralign themselves with house prices.
Exert from cover story of The Business isssue 27 21st April 2007