2. 考研
  3. Britain’s housing market is like food in a microwave, says Spencer Dale, the chief economist at the Bank of England. It can " tu

Britain’s housing market is like food in a microwave, says Spencer Dale, the chief economist at the Bank of England. It can " tu

admin2016-03-21  5
问题     Britain’s housing market is like food in a microwave, says Spencer Dale, the chief economist at the Bank of England. It can " turn from lukewarm to scalding hot in a matter of a few economic seconds". Since the crisis the bank has gained new tools to control the market’s temperature. Now that the heat is rising, it may soon start testing them out.
    Until last year house prices were rising predominantly in prosperous central London boroughs. That was largely because of an influx of cash-rich buyers, says Neal Hudson of Savills, an estate agency. People saw posh property in the capital as a shelter from economic turmoil abroad. Elsewhere in Britain, the housing market was slow. Potential buyers struggled to find mortgages. Falling real wages, economic uncertainty and the memory of declining house prices during the crisis curbed Britons’ passion with property.
    That changed in 2013. Prices rose by 6. 8% in the year to January, according to the Office for National Statistics. They are still increasing fastest in London—up 13.2% compared with last year— but the inflation has spread to outer boroughs. In Brent, an unfashionable part of north-west London, prices have risen 31% in a year, according to a report from Nationwide, a building society. It recorded substantial increases in every part of Britain.
    These higher prices are a problem for first-time buyers, but they are not yet unsustainable. Nationally, house prices remain 16% below their pre-crisis peak, adjusted for inflation. Prices are high relative to wages, but that is not surprising. Successive governments have failed to free enough land for new housing development, while preserving plenty of greenbelt. Borrowing costs have fallen over recent decades, in part because of a global excess of savings, making it easier for Britons to sustain large mortgages.
    Even so, the housing market is notoriously prone to bubbles. In January Mark Carney, the bank’s governor, warned MPs of the dangers of "inferred expectations"—people rushing to buy on the assumption that prices will continue to surge. Hints of that are visible. People increasingly think house prices will keep climbing. Even though the government’s "Help to Buy" schemes, which subsidise higher-risk mortgages, are probably having only a moderate direct impact, publicity surrounding them has fed a broader assurance that prices can only go up.
According to the last paragraph, people assume that______.
选项 A、the housing market will lead to bubbles
B、housing prices will not go any further
C、housing prices will continue to rise
D、the housing market will be stable
答案C
解析 根据题干定位到最后一段。根据people assume that定位到第二、三行：people rus-hing to buy on the assumption that prices will continue to surge．其中prices will continue tosurge为答案所在，如果没看懂surge一词，后文接着指出：People increasingly think houseprices will keep climbing．该句和之前的句子是一个意思，选项中与之相等的是[C]housingprices will continue to rise“房价会继续上升”。故本题答案为[C]。
转载请注明原文地址:https://kaotiyun.com/show/BasZ777K
0

考研英语一

相关试题推荐
随机试题
最新回复(0)