| From Independent: 'It's always darkest before the dawn" is a well-worn phrase, and those involved in the UK property market – estate agents, developers and sellers – hope that it proves true as they prepare to bid goodbye to 2008. The housing market, it seems, has never been in such a parlous state.
Officially, prices are about 15 per cent lower than they were a year ago but the reality on the ground is probably more akin to a quarter knocked off property values since their height in the third quarter of 2007..... Full Article: Source
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