Data published in Friday, has always been a good reflection of the balance of consumer preferences in Britain. Of course, under the weight of the credit and housing boom, many households reduced assets (taking a loan under the rising costs), providing a cost. This trend has truly turned around as a drop in home prices and a tightening of credit availability. It was the ninth consecutive quarter of decline, which became the largest in pound terms, since March last year. At the same time, the data still point to a tightening of credit conditions continue to reflect the uncertainty for the real estate market. All of this suggests an ongoing process of correcting the balance sheets of households Britain.
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