Business Services Industry

UK housing market slump not over yet.

Australasian Business Intelligence, May, 2009

Byline: Peter Woodifield and Andrew MacAskill and Jon Menon

May 31, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Jones Lang LaSalle has suggested that UK house prices could fall by a further three per cent in 2010. According to the broker, prices could plunge by up to 14 per cent this year amid rising unemployment. The Bank of England claims that during March 2009, loan approvals rose to a 10-month high. Jones Lang LaSalle has predicted the London 2012 Olympic Games could help spur a property price recovery in the city.

Publication Date: 1 June 2009

JONES LANG LASALLE INCORPORATED

LLOYDS BANKING GROUP PLC

NATIONWIDE BUILDING SOCIETY

BRITISH BANKERS' ASSOCIATION

MOODY'S INVESTORS SERVICE INCORPORATED...

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