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U.K. house prices drop most in two years as loans fall

Posted on 30 March 2012

U.K. house prices fell the most in two years and mortgage approvals dropped to an eight-month low as economic uncertainty hurt demand for property and banks tightened lending conditions.
Home values dropped 1 percent in March, the biggest decline since February 2010, Nationwide Building Society said in an e- mailed statement today. Lenders granted 48,986 property loans to Britons in February, compared with 57,899 in January, the Bank of England said in a separate report in London………………………………………..Full Article: Source


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