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Thread: Growing evidence that the downturn is upon us....
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Old 29th Apr 2008, 13:50
  #443 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 14,999
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Mortgages approved for home purchase (as opposed to applications refused OR re-mortgages)

Down 44% Year on Year

Seasonally Adjusted:

March 2008 - 64000
March 2007 - 114000

Non- SA:

March 2008 - 64000
March 2007 - 133000


There seems to be a 52% cliff fall in Estate Agents Profits, Builders Margins and Bankers Sales. This will feed through to airlines and the wider economy. Big Time.


Protect yourself,

WWW
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