23.06.2011 - UK House prices: four in five homes worth less than five years ago
The majority of homes bought in Britain are worth less now than they were five years ago, new research suggests. Some 3.5 million properties, or 80pc, bought since 2006 are said to be "underwater", or worth less than their purchase price, according to a study by Zoopla.co.uk. But many owners are unwilling to lose money on their original purchases and are setting unrealistic asking prices, the property website said, resulting in them being "stuck" with their homes..............................................Full Article: Source
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