Minister reveals house market fears

Last Modified: 13 May 2008
Source: PA News

The Government's private fears over the dire state of the UK property market have been laid bare.

Housing Minister Caroline Flint warned the Cabinet that "at best" prices are set to fall by 5%-10% this year.

She also briefed colleagues that housebuilding was "stalling", adding starkly: "We can't know how bad it will get."

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