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Tuesday, July 29, 2014

Bloomberg speculate UK property crash

Bloomberg are speculating on the London property bubble crashing the economy - well, they just would.

Whereas the IMF are sounding far more positive about the UK's prospects.

The International Monetary Fund are encouraging the BoE to keep interest rates low and to instead use  other measures to keep property price growth restrained, such as the stricter lending regulation imposed as part of April's mortgage market review.

It also wants to see increased supply in the property market to help battle excessive house price inflation over the coming years.

The IMF retains a positive outlook for the UK economy, revising their UK growth predictions to 3.2% for this year and 2.7% for 2015.

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