A specialist large-loans mortgage broker has reported a dramatic fall in sales of the UK’s more prestigious homes. According to largemortgageloans.com, sales of properties costing in excess of one million pounds collapsed by 41% last year. Only 5,302 transactions were completed, compared with 9,003 in 2007. However, using data from the Land Registry, the firm has established that [...]
Million pound home sales slump by 40%
