In Britain, a leading minister says the return of booming house prices
is putting the country at risk of repeating the boom-and-bust economy.
Business
Secretary Vince Cable said that the rise in house prices in and around
London is a worrying development -- and threatens the recent economic
gains. But in contrast, Prime Minister David Cameron said that the
country is not in another house price bubble. Recent figures show that
property prices in December experienced their biggest monthly rise in
four years. According to one bank, the price of the average British
house rose 8-point-four percent in 2013. Britain's housing market
crashed in 2007, causing one of the worst recessions in the country's
history
No comments:
Post a Comment