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Britain’s Property market faces ‘long road to recovery’

Posted on 12 November 2010

From Telegraph: Britain’s housing market faces a “long road to recovery” as figures showed mortgage lending failed to pick up last month. Around 50,000 mortgages were approved to those buying a new home in September, unchanged from the previous month and 2 per cent lower than a year earlier, according to the Council of Mortgage Lenders.
A total of 29,000 people switched home loans in September, an increase of 4,000 loans and the highest level since March……………………………………….Full Article: Source


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