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Britain’s housing market is rotting from within

Posted on 27 March 2012

Has Britain’s housing market turned the corner? Last week, the Council of Mortgage Lenders (CML) seemed quite upbeat. It pointed to strong increases in property sales in recent months: January’s mortgage approval levels were the highest since late 2009. “The underlying picture for house-purchase activity continues to show some buoyancy”.
Others are more upbeat too. RICS members no longer expect further falls in house prices; throw in the more optimistic price outlooks from housebuilders and you might think that the market has bottomed………………………………………..Full Article: Source


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