14.12.2010 - Housing market slowdown blamed on spending cuts and lack of buyers
From Guardian: UK residential property sales and prices continue to slide for sixth consecutive month, but some estate agents are optimistic. A dearth of first-time buyers and anxiety about the impact of the government's spending cuts were cited by estate agents today as the key factors behind a slowdown in Britain's property market last month. The monthly health check on the state of residential housing from the Royal Institution of Chartered Surveyors (Rics) showed that activity and prices both weakened in November, continuing the trend started in the spring..............................................Full Article: Source
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