Housing Prices Fall as Credit Crunch Misery Continues

Property Renovations Ely Ltd

In the housing market, prices fell again in November by 1.1%. This is the first time that has happened since 1995, and mortgage approvals have slumped by almost a third. Squeezed credit is likely to prove a big problem for an estimated 1.5m next year who need to remortgage and will find it difficult, if not impossible to find an affordable deal.









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