Will the US subprime crisis cause a UK property meltdown?

Could America's subprime market woes be the catalyst for a UK slump? The Fleet Street Letter's Brian Durrant doesn't believe Uk estate agents need lose sleep over what's happening across the Atlantic.

As regular MoneyWeek and MoneyMorning readers will know, we remain pessimistic on the outlook for the UK property market. However, Brian Durrant takes a somewhat different view. See below to find out why he thinks British estate agents needn't lose sleep over America's subprime worries:

We have long maintained that the housing market will be the victim rather than the assassin of the UK economy. So as long as the UK economy delivers a rate of growth that ensures that unemployment is low and delivers a rate of inflation sufficiently controlled as to not require draconian interest rate hikes, then a UK property market crash does not look imminent.

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Brian has contributed to MoneyWeek with his expertise in investment strategy, for example how to quadruple your dividend income and how to navigate through the stock market in the 2008 financial crisis. He’s also touched on personal finance such as the housing market and the UK economy.