Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Tuesday, December 14, 2010

House Price Gloom

Those who rather foolishly rely on the capital appreciation of property (ie house price rises) to provide them with a psychological feeling of being wealthy, are set to be rather disappointed this Christmas.

The Royal Institution of Chartered Surveyors (RICS) reports that house prices kept falling in November, as a result of the slow economy and lack of funding for first-time buyers.

The number of transactions is very low and the overall market subdued.

This moribund market is expecting to continue into 2011.

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