| 25.01.2012 - UK house sales down by 1pct in 2011 |
| UK house sales fell just 1% last year to 869,000, one of the lowest totals on record, HM Revenue & Customs has said. It means the property market has been in a three-year slump, with sales roughly half the levels recorded in the run up to the banking crisis in 2007. Sales have been depressed by a combination of mortgage rationing by lenders, and rising unemployment...............................................Full Article: Source |