Cuts `may ignite boom and bust cycle`
Language: English Series: Financial Times ; 9 April 1999, 10(1)Publication details: 1999Subject(s): Summary: 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%.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3513-45 (Browse shelf(Opens below)) | 1 | Available | 92659-1001 |
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%.