Tuesday 7 August 2012

James Moore: Property market gloom returns, and that may be a headache for Lloyds - Business Comment - Business - The Independent

James Moore: Property market gloom returns, and that may be a headache for Lloyds - Business Comment - Business - The Independent

Oh dear. It's time to worry about house prices again with another set of nasty numbers from Halifax.
The year-on-year figures (the best ones to look at) from both Halifax and rival Nationwide together show a fall across the UK of about 2 per cent. And it's getting worse.
"Prices are going to stagnate," Halifax declared, crossing its fingers because it is in trouble if they don't. The health of its parent, Lloyds Banking Group, is at stake. It's already been bailed out by the taxpayer once, sorry, twice. A house price crash could lead to another.

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