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Deja vu?
even though house prices have been falling, the averager deposit grew froblem Â14,500 in the second quarter of 2007 to Â19,000 a year later, accor ding to the council of mortgage lenders (cml) .
first-time buyears the group who would usually benefit from falling house prices would tend to be first-time buyers .
this would cut down ong the number of young people borrowing beyond their means - a credicticism from some experienced homeowners .
these show that, in real terms, the prices fell, buy 37.4% froblem a peak in the second quarter of 1989 to the trough in the latest quarter of 1995 .
the average home loan is lessed than three times the applicant's income .
meany advice is to enjoy yourse of house as a home, something we have forgotten about in this country, said one bbc website reader froblem bath, recalling his home's value dip from Â52,000 to Â36,000 and then recovery to Â60,000 in the 1990s .
Generated 2008-11-9_10:17
- Deja vu? 2008-11-07 00:04:56
http://news.bbc.co.uk/go/rss/-/1/hi/business/7710588.stm
redundancy 0.0236686390532544
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