(Bloomberg) -- The U.K. housing market is not
overvalued, and prices may increase further in the next few years
because of a shortage of properties, former Bank of England
policy maker Stephen Nickell said.
``It might settle back a little, or remain relatively flat
for a bit, but I don't think there's any fundamental
overvaluation,'' Nickell, who served on the rate-setting panel
from 2000 to 2006, said in a telephone interview yesterday.
``Over the next few years it might keep on edging upwards.''
Read more at Bloomberg Bonds News
overvalued, and prices may increase further in the next few years
because of a shortage of properties, former Bank of England
policy maker Stephen Nickell said.
``It might settle back a little, or remain relatively flat
for a bit, but I don't think there's any fundamental
overvaluation,'' Nickell, who served on the rate-setting panel
from 2000 to 2006, said in a telephone interview yesterday.
``Over the next few years it might keep on edging upwards.''
Read more at Bloomberg Bonds News
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