Not even QE can pump up the British housing market

House price news, information and discussion –

The new improved batch of quantitative easing (QE2) has been pushing up asset prices almost across the board. Stock markets took a breather yesterday as the dollar bounced against the euro, as fears continue to grow over Ireland’s debt woes. But gold continued to rise. However, there’s one market that it seems not even QE2 can pump up. And that’s the British housing market.