UK homes lose over £20,000 in value each!

NEWPORT, UNITED KINGDOM - APRIL 21: A propert...Image by Getty Images via Daylife
Residential property in the UK has lost over £591 billion in value during 2008 ­the equivalent of every single British home losing £22,083 since January, according to research.

Property values have decreased by nearly 10% (9.72%) leaving 2.1 million owners owing more on their mortgage than what the property is worth, according to the 2008 Property Review from Zoopla.co.uk, the property valuation website.....[more]

SOURCE - PROPERTY WIRE

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