Thursday, January 27, 2011

fx GBP:More bad news on the housing market in Britain

An awful lot of bad news comes recently from the United Kingdom, which sometimes does not contain a single message. The latest study Hometrack, which monitors the prices of vendors showed the seventh consecutive month of decline (-0.5%), which lowered the annual rate to -2.2% y / y. The forecast for this year remains very depressed when the amount of transactions well below trend levels, and also rise in price of mortgage financing in recent weeks.

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