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British housing market faces a ‘tough year,’ Countrywide says

Posted on 01 December 2010

From Bloomberg: U.K. home prices may fall by as much as 5 percent next year as the government raises taxes and cuts jobs to reduce the record budget deficit, the country’s largest property broker said.
“It will be another tough year,” Grenville Turner, chief executive officer of Countrywide Plc, said in an interview. The company, based in the town of Milton Keynes in southeast England, handles one in 10 British home sales……………………………………….Full Article: Source


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