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Tameside house price crash is among worst in the UK

hips-posterIn 12 months, the average price of a home in the borough fell by almost 18 per cent – one of the largest drops in the country, and the second largest fall in Greater Manchester.

A local Conservative spokesman said “The economic policies over the last decade of the Labour Government have directly contributed to this situation. By loosening regulations and reducing the power of the Bank of England, an unprecendented housing boom has led to an equally spectacular housing collapse.” “We are now left in the position where thousands of hard-working families are now left in negative equity – owing more than their house is worth. In Tameside we have been left particularly vulnerable, with one of the largest collapses in the country.”

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