Saturday, May 17, 2008
THE country began its recovery from the credit crunch last night as the economy showed the first significant signs of improving. here was further welcome news for the housing market, a day after the Daily Express revealed that major lenders were finally beginning to cut their loan rates. Figures to be released on Monday are likely to show that the average asking price for new properties increased by 1.2 per cent last month, up by £2,879 to a new record of £242,500. One estate agent is so confident the housing market will bounce back he has offered to refund buyers if their home falls in value.