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Insolvency related news in the UK 9th April 2007
House prices rise during
March 2007
The Halifax reported a rise
of 1% in house prices during
March. The average house price s
now thought to be in the region
of £194,000. Many industry
experts now believe that the
continuing boom is not only
unsustainable but likely to
represent a serious threat to
the economy unless a correction
occurs. It is expected that
during the back end of 2007 and
into 2008, house prices will
fall although a "crash" is
thought to be unlikely.
The current state of the
housing market contrasts sharply
with the explosion in the
numbers of bankruptcies and debt
related problems in the UK. Many
people are being forced to
petition for bankruptcy or
resort to
IVA's in a desperate attempt
to remove themselves from
burgeoning debts.
The numbers of homes being
repossessed continues to rise
This year will see the
implementation of the
Home Information Packs which
are designed to help buyers make
considered property purchases in
a safer environment than
traditionally has been the case.
Highway Code
Update 2007
Home Repossessions continue to rise
Hospital phone charges criticised
HSBC warn about increase in bankruptcy
Allianz ready to embrace the claims regulation reforms
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