THEUS CRASHBY NUMBERS
£1,750million Total value that houses have lost since spring 2006. 36.5 per cent The drop in the number of new homes built in a year. 1.5million Number of foreclosures — the legal process by which a mortgage lender takes ownership of a property after a borrower defaults on payments. The National Association of Realtors, a US estate agents’ umbrella group, predicts another 2.5million entering foreclosure this year. 3,133 Number of homes already seized by lenders in the worst-hit state, Nevada.
Sources: NAR, Caxton FX foreign exchange