New property slump alert as lending falls to a 30-year low. (Times)

New property slump alert as lending falls to a 30-year low. (Times)
The British and American housing markets are at risk of a double-dip downturn that poses significant risks to recovery, the Organisation for Economic Co-operation and Development warned yesterday.  The report came as Britain’s Council of Mortgage Lenders

said that net mortgage lending would be only GBP 9bln this year — the lowest since 1980 — amid stagnant property demand.