Rat and Mouse
Tue
09
Aug
Market report - £250bn down and falling

According to the Royal Institution of Chartered Surveyors UK homeowners are £250bn poorer in property equity since the credit crunch hit. The general message from RICS' latest tortured and confusing survey seems to be that prices are still falling... gently. Low interest rates, however, and fewer redundancies are saving homeowners from the kind of negative equity-fueled misery seen in previous property slumps.

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