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London Property Market Running Out Of Steam As Number Of Mortgages For Home Buyers Falls 16% In A Year

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Brilliant!!! Good find fru-gal.

Points noted :

1. All regions are falling. South East -26%.

2. Falls despite all time low mortgage rates.

3. Current figures include some transactions under the old lending regime. So next fugures, whenever they come out, are likely to be lower. Thus accelerating falls further.

I am sure the VIs are getting worried about loss of business. Wonder how they are planning to compensate the volume loss.

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