WHAT CRISIS !!!

The Chinese translation for crisis is - danger and opportunity. So thats ok then.

January recorded a slight rise in mortgages arranged and Estate Agents report that more people are registered seeking property. However the first time market is still stagnant . Buyers are unable to raise the 10% mininum deposit plus fees required. Finance house say that more money will be pumped into the market. This will help but it will still take time. The employment news is not good and the general confidence of business managers and workers is not good.

I am receiving daily emails inviting me to have a new credit card. Who wants to pay 21% !!!! Also bank managers ( everyone is a bank manager working in those sales organisations) have started to make calls to customers. Maybe to see how the customers are bearing up or to sell one of the many products that the bank push.
Spring is just around the corner and everyone will feel better. Those who are positive and pay attention to business management will pull through these challenging times.