Cuts `may ignite boom and bust cycle`
Cuts `may ignite boom and bust cycle`
- 1999
- Financial Times 9 April 1999, 10(1) .
The latest interest rate cuts pose a danger to UK house prices. Cheaper mortgages could reignite a boom-bust cycle in residential property, according to FPD Savills. At the beginning of 1999, mortgage payments had fallen to 17% of the average UK household's disposable income, from its historical average of 25%.
BOOM AND BUST CYCLES
HOUSE PRICES
INTEREST RATES
MORTGAGE RATES
RESIDENTIAL PROPERTY
The latest interest rate cuts pose a danger to UK house prices. Cheaper mortgages could reignite a boom-bust cycle in residential property, according to FPD Savills. At the beginning of 1999, mortgage payments had fallen to 17% of the average UK household's disposable income, from its historical average of 25%.
BOOM AND BUST CYCLES
HOUSE PRICES
INTEREST RATES
MORTGAGE RATES
RESIDENTIAL PROPERTY