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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% [...] UK interest rates have been kept at a record low of 0.5% by the Bank of England’s Monetary Policy Committee (MPC).Economists had expected interest rates would remain unchanged due to the subdued economy. GDP figures for the second quarter showed growth of 0.2% with a majority of economists expecting mortgage interest rates to remain unchanged [...] The average house price rose in the 10 most prosperous areas by 219% Homeowners in the 10 areas with highest growth rates in [...] The cost of owning a home by the sea has more that doubled over the past decade the Halifax bank has found. Wadebridge in Cornwall, a few miles inland from [...] UK economic growth- the main driver for property prices- will be slower over the next three months than previously predicted, according to a forecast from the OECD think tank. This [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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