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House prices fall by 1.3%

Business owners will need to be aware of the 1.3% drop to house prices last month in comparison to November 2010. With many business loans guaranteed against their property values. A further decrease could indirectly lead to overdraft reduction, due to the fall of equity status, or loans needing to be repaid. Property prices are something we will all need to keep an eye on through 2011.

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Post Date: January 13th, 2011