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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (55023)10/28/2004 4:39:20 AM
From: Taikun  Read Replies (3) of 74559
 
EP, My apologies for the selection of source media (I try to avoid The Guardian) - David

Mortgage approvals slump by 30% as repossessions rise

Ashley Seager
Thursday October 28, 2004
The Guardian

The UK housing market has suffered a sharp slowdown, according to figures which show that approvals for new mortgages slumped by 30% in a year.

And separate figures revealed yesterday that the number of court actions to repossess houses had risen 15% over the past year to the highest level in nearly five years.

guardian.co.uk
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