The UK's housing crises
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Reduced demand during the recession has been reflected in falling house prices outside London and the South East and a slump in construction everywhere. Data from the Department for Communities and Local Government show that between their peak in 2007 and 2011, house prices fell by 12% in the North East and by 10% in the North West. Between September 2011 and September 2012, land registry data show further price falls of 3.2% in the North East and 2.2% in the North West.
There has also been a ...
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