House prices were cheaper, many British people who want to buy a house, should have been something to be happy about. However, careful analysis, one is concerned more than hi. Because the price is actually an important benchmark of the economy.

According to England’s housing price monitoring body — National Home Price Index data released in July, the UK national average house price fell 0.5%. This is the UK since February this year, housing prices declined for the first time. Meanwhile, the seasonally-adjusted basis, the UK housing transactions in June after not never goes down, in July dropped by 0.5%. This phenomenon raises many concerns. “Financial Times” out of the feature pages devoted to this analysis, that it is difficult to maintain the current UK economic recovery and prospects for recovery uncertain one of the new signs.

Historically, the trend in housing prices as the previous recession and recovery, still a little far-fetched mark. But in the global economic recession and recovery, the housing market situation is very clearly marked, or indicate the path of economic operation.

Overall, UK house prices from declining fourth quarter of 2007, and down a fairly rapid pace, the British economy slowed down, the British economy from the second quarter of 2008 recession. The end of 2008 and early 2009, the British home prices hit bottom, and monthly statistics of the 3-month price decline than the ring were more than 4%, a number of the month fell more than 5%. And this corresponds, in the fourth quarter of 2008 and first quarter of 2009, the UK economy fell to 1.8%, respectively and 2.5%, rarely seen in many years. The British housing prices began to rebound from last year, the British economy started to recover from the fourth quarter.

Looking at the situation from the past year, in February this year in addition to the rare cold weather so many people do not want to go out which led to the British home sales fell, the other months there are varying degrees of growth in house prices also showed a stable and relatively fast rise. UK house prices this year has been the same in 2008 when the price or less flat, and this economic recovery played a role in promoting greater.

Also because of the housing market in this economic crisis in the “play” a huge role, but also crucial to economic recovery, return of the British housing prices fell in many people’s awareness and concern. They believe that this is weak and the weak economic recovery, the United Kingdom one of the latest evidence that the British economic recovery, a sign of uncertainty. Therefore, falling house prices has not made many people feel happy, but so many people worried. Many people this question: When can we see a sustained and stable economic recovery.

Some people think that, in addition to the housing market itself and the overall macroeconomic situation and other reasons, the British adopted the new government cuts in the current fiscal expenditure policy on the housing market has played a negative impact on recovery. According to May this year, plans to form a coalition government, in recent years the British Government’s expenditure will be reduced as much as 40%, while hundreds of thousands of jobs to be cut public officials. This is the UK housing market, including the public, including consumer confidence caused serious blow to economic recovery in the housing market cooling pose new threats.

Of particular concern is the housing market again after about a year of recovery is slowing in Western countries with a universal phenomenon, and thus become the world’s economic recovery is facing a new problem. Former U.S. Federal Reserve Chairman Alan Greenspan last month, once clear that if prices fall to restore the U.S. economy is likely to shrink again. This means that the U.S. economy down there, there were two types of possible recession. Synchronization of Western economies in recent years the growing trend in the Western housing market once again becoming “cool” problem and its impact requires close attention.

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Category: Business Management
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