Debate House Prices


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Consumer Borrowing Remains Weak

zappahey
zappahey Posts: 2,252 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
edited 29 October 2010 am31 10:29AM in Debate House Prices & the Economy
http://www.bbc.co.uk/news/business-11650909

A bit of a non-story in itself but this bit made my jaw drop...
The figures show a dramatic difference between recent months and the height of the property market boom in the autumn of 2007.
In September that year, net mortgage lending increased by £10bn, the second highest monthly figure on record.

Three years on, net mortgage lending was about 1% of that, at £112m.
What goes around - comes around
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