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This is followed by Hartlepool, only the second non-London or South East location, where prices have fallen by -9.5%. Price drops of -8% or worse have also been recorded in Lambeth (-8.4%), Thanet (-8.3%), Burnley (-8.2%), and Middlesbrough (8%). CEO ofOpen Property Group, Jason...
While some are able to weather the storm by borrowing against existing assets, the majority are retrenching and prices are softening for properties typically targeted by debt-funded buyers. An example of this is a large industrial warehouse in Greatham Street, Hartlepool, still unsold since July...