Text 2
House-price falls are gathering momentum and are spreading across the UK, according to a monthly poll of surveyors which on Monday delivered its gloomiest reading for nearly 12 years.
Fifty-six per cent of surveyors contacted by the Royal Institution of Chartered Surveyors reported price falls in the three months to October. Only 3 per cent saw prices rise in their area, compared with 58 per cent as recently as May.
There was further evidence of slowing activity in the property market as the number of sales per surveyor dived to a nine-year low. Unsold stock on agents’ books has increased 10 per cent since the summer. Ian Perry, Rics’ national housing spokesman, said it was now very clear that buyers were unsettled by higher interest rates.
The Bank of England raised rates five times to 4.75 per cent over the last year to cool the property boom.
But he also blamed comments by Mervyn King, the Bank’s governor, and misleading media headlines for “injecting additional uncertainty into the market by continued speculation over more serious price declines”.
“Mervyn King presumably felt that he had to be more explicit in the summer when people were still buying. His warnings of a drop in property prices then have had the desired effect.
“But our concern now is that the pendulum is swinging too far,” he said.
Last week, the Bank’s monetary policy committee predicted for the first time that “house prices may fall modestly for a period” in its November inflation report. The Nationwide and Halifax mortgage lenders both showed a modest monthly decline in house prices in their latest loan approval data.
Although the majority of surveyors expect prices to fall further in the next three months, Mr. Perry stressed there were signs of stabilising demand from buyers in London.
“London tends to be ahead of the rest of the market. And agents are telling us that more people are looking to buy. It is much better than it was,” Mr Perry said.
However, falling prices continued to spread from the South of England as surveyors reported the first clear decline in prices in Yorkshire and the Humber, the north and the north-west. Scotland remained the only region with rising prices.
26. We learn from the passage that ____________________.
A. the present house price falls are at most a momentary phenomenon
B. the property market is experiencing its most depressing time over the decade
C. 58 percent of surveyors contacted started to encounter house price falls in May
D. Rics’ widely-followed headline indicator began to fall since Dec. 1992
27. Paragraphs 2 and 3 are written to _______________.
A. justify the author’s observation in the first paragraph
B. contrast the present situation with that in the past
C. highlight the discouraging situation of home market
D. explain the reasons of slowing activity in the market
28. By “the pendulum is swinging too far”, Ian Perry probably means _______________.
A. the number of houses sold by each agent is the lowest in history
B. the house market is bound to suffer because of the high interest rates
C. both Mr. King and the media worried too much over the price falls
D. the Bank and the media are helping push the house prices further down
29. In terms of the future of the property market, Mr. Perry seems _________________.
A. optimistic
B. uncertain
C. pessimistic
D. indifferent
30. The author probably believes that ____________________.
A. the house-price falls may continue for a while
B. people’s uncertainty about the market is ungrounded
C. there was always exception to the rule of rising prices
D. people are certainly ready to buy more than before
英语四级CET-4同义词辨析60 (114) 英语写作中词汇量不足的应急措施 (35) 英语四级听力考试常见“小词” (33) 四级写作辅导 -高分句型 (32) 四六级听力考试必背重要习语 (29) 英语作文的八条写作原则 (25) CET四六级英语写作常用句型 (23) 2008年12月英语四级听力考试早准备 (23) 英语四级CET-4同义词辨析59 (20) 英语四级CET-4同义词辨析51 (19) 四级阅读击破:篇章词汇阅读篇15end (19) 英语四级CET-4同义词辨析58 (18) |
