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UK: House prices ‘to drop seven per cent next year’

Posted on 21 December 2010

From Telegraph: House prices will drop seven per cent next year, economists predict, as the freeze on mortgages continues. Mortgage lending has seen a steep drop of 10 per cent during the past year as home buyers struggle to find affordable deals.
Lenders have kept a tight rein on who they will lend to amid rising unemployment and fears that borrowers will default on their repayments……………………………………….Full Article: Source


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