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Housing market heading for double dip

THE housing market is heading for a double dip as mortgage lending slumped, while thousands of people who bought a home at the peak of the market could remain trapped in negative equity until 2014.

Property professionals say house prices are falling

Housing supply outstrips demand

Property professionals saw house prices fall for the first time in a year last month and expect further declines as demand weakens, according to new research.

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