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Sell And Rent Back House As Consumer Confidence Flattens

August 20th, 2008

Research
shows that consumer confidence has hit a record low as shoppers are
cutting back on spending. The British Retail Consortium say the
growing disillusionment in the housing market has triggered record
lows for consumer confidence. Inflation and high interest impacts
heavily on homeowners. A whole section of UK property owners have
been turned into the ‘coping classes’ as they struggle to meet the
cost of living, and face the miserable prospect of negative equity.
More are turning to a sell
and rent back house
scheme as the consumer confidence index
reaches 79, down from 91 a year ago.

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