Diana Choyleva: UK house price correction could be 10%

Part 3, May 19: The UK faces a house price correction of 10% in nominal terms from peak to trough, according to Diana Choyleva, director and head of UK service at Lombard Street Research. She also discusses with FT capital markets editor, Gillian Tett, the likely course of European house prices. The interview was recorded on May 15th 2008.