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U.K: Property sales hit five-year high

Posted on 24 January 2013

UK house sales increased last year to the highest levels seen since 2007, according to figures published by HM Revenue & Customs. Lenders hailed the figures as evidence that the “shutters are coming up” for mortgage borrowers.
There were 932,000 completed transactions last year, marking a 5pc increase on 2011, according to HMRC. Meanwhile, the Council of Mortgage Lenders (CML) outlined evidence of why it believes the mortgage market is improving………………………………………..Full Article: Source


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