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UK: Property market in ’state of rigor mortis’ as prices drop further

Posted on 05 May 2011

House prices are falling at their fastest rate for two years at what is traditionally a boom time of the year for the market, data showed. Economists said the figures illustrated how Britain’s property market remained in a ‘fragile state’.

One analyst even described the lower end of the market as being in a ’state of rigor mortis’ because the lack of affordable mortgages is preventing first-time buyers stepping onto the property ladder……………………………………….Full Article: Source


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