Housing Market May Have Entered Decline ; Housing

Summary


Evidence is mounting that the housing market is not only cooling, but may have entered a fullblown decline.

A series of surveys in recent months, including those from the Halifax, Hometrack and the Royal Institution of Chartered Surveyors, have shown prices finally falling into the red after months of slowing growth.

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Housing Market May Have Entered Decline ; Housing

That trend was underlined yesterday by a report from Capital Economics which said prices across the country are expected to slump by up to six per cent...

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