Fear of Property Slump As Credit Crisis Spreads

Summary


FEARS of a painful slowdown in the housing market grew today as the credit crunch spilled over into the wider economy.

The Building Societies Association said the value of mortgage approvals plunged 25 per cent last month to 4.168 billion.

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Fear of Property Slump As Credit Crisis Spreads

It was the clearest sign yet that the credit markets crisis has spread into...

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