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Scotland:
Sales are down by about 50% in the past year; mortgage approvals are down by more than 70% suggesting that sales have further to fall; and last week estate agents reported that in the three months to August, some of them were selling fewer than one property per week.
The head of the Nationwide building society, Graham Beale, has said that house prices might end up falling by as much as 25% from their peak seen in Autumn 2007.'
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