zondag 4 oktober 2009

Banking & Finance

House prices back at pre-Lehman levels, but agents remain cautious.

House prices have rebounded to their level of September last year, before the global financial crisis took its catastrophic turn. Nationwide, which first spotted signs of market stabilisation in February, said that conditions were improving in all regions. However, economists and estate agents put a dampener on the figures, saying that a sustained recovery was unlikely, with unemployment forecast to accelerate and banks still reluctant to lend to borrowers without large deposits. Concerns are also growing that the cash-rich buyers, who have been fuelling the recovery, are beginning to exhaust their reserves.

Anneleen De Schutter

source: http://news.bbc.co.uk/2/hi/business/8286028.stm

1 opmerking:

EcoEnglish zei

Good job Anne Ashworth, Judith Heywood and Ian King at Times Online.

Anneleen, try this for an exam paper and you'll retake ALL your exams.

Never copy literally from a source and mention another site/author as your source.