| 26.02.2009 - UK: Slump in property worst for 50 years |
| From Hotproperty.co.uk: Slump in Property Worst for 50 Years The number of property contracts being exchanged fell in January to their lowest levels since 1959, despite mortgage approval rates improving from last year. The statistics suggest that the recession has reached a new low, and is far worse than ever predicted. HM Revenue & Customs has published figures that show 43,000 properties with a value of £40,000 or more were sold last month, a new record low..... Full Article: Source |