House price gains not sign of British thaw
China Daily | Updated: 2009-06-04 08:02
There are signs that the British housing market may be touching bottom, with prices and mortgage approvals rising in the last month.
Both suggest that the worst of the slump is over.
But it would be a big mistake to read too much into those figures - and it certainly isn't a signal that the UK economy is pulling out of the steepest recession in the last 20 years.
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