Barker Says U.K. Home Prices May ‘Drift a Little’ Lower in 2011
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Former Bank of England policy maker Kate Barker said U.K. house prices may extend their decline this year as Britons’ confidence weakens and banks continue to restrict lending.
“I find it hard to see house prices picking up any time soon,” Barker said in a Bloomberg Television interview recorded late yesterday in London. “My general expectation is they may drift a little bit lower this year. But I wouldn’t be talking about a big fall.”