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UK house sales down by 1pct in 2011

Posted on 25 January 2012

UK house sales fell just 1% last year to 869,000, one of the lowest totals on record, HM Revenue & Customs has said. It means the property market has been in a three-year slump, with sales roughly half the levels recorded in the run up to the banking crisis in 2007.
Sales have been depressed by a combination of mortgage rationing by lenders, and rising unemployment………………………………………..Full Article: Source


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