27.10.2008 - Days of inflated house prices and mad mortgages are over

From Walesonline.co.uk: The credit crunch will prompt a return to old-fashioned values, producing a more sensible and sustainable housing market, according to the head of an organisation representing thousands of Welsh property professionals. Cathy McLean, below, director of the Royal Institution of Chartered Surveyors Wales, said the “madness” of the days of inflated house prices and five-times salary mortgages will never return. ..... Full Article: Source

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