Crisis Halves the Housing Market ; Home Sales and Loans for Mortgages Slashed
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Summary
THE housing market has halved in a year, according to a series of reports. It emerged yesterday that house sales through estate agents are down 50 per cent and the number of Britons taking out a mortgage has collapsed by 46 per cent.
The National Association of Estate Agents said its firms sold an average of seven homes in March, compared to 14 last year.See the full content of this document
Extract
Crisis Halves the Housing Market ; Home Sales and Loans for Mortgages Slashed
One firm, from Essex, said: 'Agents in the county are using comments such as "dire", "apathy" and "miserable".
'There are now clear signs of redundancies and offices closin...See the full content of this document
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