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The Land Registry for England and Wales says house prices were down 3.2% in the year to November.The government’s own index, compiled by the Department for Communities and Local Government (DCLG), says they fell by just 0.4% over the same period. The Halifax reckons prices dropped 1% in the year to November, while its counterpart the [...] Will the UK property market be even more depressed in 2012 than it was in 2011?Commentators and analysts expect sales to stay low – perhaps even lower than they have been in the past year. And prices are expected by most observers to fall a little – though some predict larger drops of up to 10% [...] The number of first time buyers has fallen to its lowest since records began in 1974.Around 187,000 people became first time buyers in 2011, which was 7pc fewer than the preceding year and less than half the recent peak of 402,800 seen in 2006. The figure from Halifax, the lowest recorded since it started tracking the [...] Property sales hit their highest monthly level of the year so far in November figures from HM Revenue and Customs (HMRC) have shown.There were 85,000 property sales during the month, up from 79,000 in October, it said. However, despite the apparent pick-up in transactions, the number of sales in the first 11 months of the year [...] New rules to stop a resurgence in risky mortgage lending are likely to be imposed in 2013 by the Financial Services Authority (FSA).The regulator’s revised proposals still intend to bring in “common sense” standards that will stop home buyers borrowing more than they can afford. Lenders are being told they must assess the affordability of loans [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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