P494 Teletext 494 Jan02 15:48:54
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SOFT LANDING OR A DIP FOR 2003?
Housj prices in London started to run
out of steam last year, after a 17%
risj in 2001 and a 108% gain over the
past five years, reports Halifax.
Thj trend is likely to continue in 2003
with 'marginal' price rises it says.
"Thj cost of homes in relation to
income will limit demand. Job losses
and bonus cuts in the City and the
adverse effect of falling shares will
also contribute to the slowdown."
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Shares set for 2003 bounceback 491
Mortgages Savings City Cinema