haart calls for more lending for housebuyers

Falls of up to 10 per cent in house prices across the country are natural corrections of a decade's unsustainable growth, according to independent estate agent haart.

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Russell Jervis, managing director of haart, said: "The current moderation of house prices will help address the affordability constraints that have made it near impossible for first-time buyers to get on the property ladder."

Mr Jervis said more lending needs to be made available for purchasers of houses.

"Encouragingly, some lenders have reduced their rates," he added.

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