British Home Prices Set for Correction

Despite risk factors suggesting a rapid slowdown, a soft landing is expected. Many market aspects are likely to continue to support prices

As has been widely expected, home price gains in Britain are now starting to slow. But financial market turmoil and the associated credit crunch have heightened the market's focus on the housing adjustment. We have yet to see how much price growth will slip—or whether prices will actually fall heading into next year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.