Thursday, April 2, 2009

Banks Starting to Lend Slowly but Surely

Sometimes, as you know I like to deviate from the Calabria property market occasionally and because of some mildly cheerful economic news I thought I would today.

For the first time in 16 months there has been a slight house price rise in the UK!

Ok, before we all start jumping around with excitement Nationwide released figures, documenting average house prices have risen a whopping 0.9% in March from February.

This I feel can be directly attributed to the slow easing of banks lending again and this will slowly but surely be an upward trend as they start to relax further.

The G20 summit should have further positive impact on overall economic confidence, but until the decisions arrived at have been documented just how much benefit remains to be seen.

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