21.12.2010 - UK: House prices 'to drop seven per cent next year'
From Telegraph: House prices will drop seven per cent next year, economists predict, as the freeze on mortgages continues. Mortgage lending has seen a steep drop of 10 per cent during the past year as home buyers struggle to find affordable deals. Lenders have kept a tight rein on who they will lend to amid rising unemployment and fears that borrowers will default on their repayments..............................................Full Article: Source
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