Effect of credit crunch on market yet to manifest - RICS

Sept. 28, 2007
Commenting on the latest Nationwide house price index, which shows prices continuing to rise, albeit slowly, RICS senior economist Oliver Gilmartin said it was too soon to tell the effect of the credit crunch on the market. Gilmartin said: "Whilst monthly measures can bounce around, the underlying trend remains downward and credit market turmoil is yet to show up on …

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