House prices fall by 1.7 per cent in July according to Halifax. This year’s overall drop means house prices have now fallen around 11 per cent, which is a sharper decline than the last housing crash in the UK. Repossessions are up by 48 per cent which is the highest figure in 10 years.
Injections of [...]
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Category Archives: Property Prices
Credit Crunch Continues To Plague Economy
Repossessions Up In First Half Of 2008
The Council of Mortgage Lenders (CML) confirm what many analysts predicted earlier in the year, that more and more people would lose their homes as borrowers simply could not afford to repay their mortgages. As a matter of fact, compared to the first half of last year, repossessions are up by almost 50%!
18,900 homes were [...]