The housing market will not suffer a sharp downturn, the chief economist of the Bank of England has said.
Huw Pill, a member of the bank’s monetary policy committee that raised interest rates to 1.75% last week, said rising rates and a contracting economy over the next two years would slow house price growth – but not on a par with the financial crisis, when the market dropped by 16% in 2008.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
