Thursday, May 29, 2008

House Prices Fall - Inflation Rises

UK house prices have fallen for the 8th consecutive month. According to hometrack, house prices have fallen 1.9% since 12 months last year. Average house prices in the UK are now 172,200 according to hometrack.Falling house prices are closely related to the slump in mortgage lending. The British Bankers Association BBA said mortgage lending was [...]

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[Source: Finance Blog]

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