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Oral question asked in the House of Lords, by Lord Greaves (Liberal Democrat). It was answered by Lord Davies of Oldham (Labour) on Tuesday, 23 October 2007.


Housing: Prices

Question
What is their response to the assessment by the International Monetary Fund that the United Kingdom housing market is heavily overpriced.
Answer

My Lords, the Government’s macroeconomic framework has delivered stability and rising prosperity. As set out in the 2007 Pre-Budget Report, house price inflation is expected to ease over the coming year.


Secondary information

Type
Oral question
Reference
695 c980 
Session
2006-07
Oral question type
Lead
Procedure
Topical questions (HL)
Chamber / Committee
House of Lords chamber
Subjects
Housing Prices
Link
View this Oral question on www.publications.parliament.uk