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Civil engineering in the news today - Wednesday 24 December 2008

House prices are set to fall a further 10% over the coming year, as the worsening economic climate and caution among lenders continue to dampen buyer demand, surveyors said yesterday...

...The warning came as figures from the British Bankers' Association showed the number of mortgages approved for purchases fell to a record low in November, despite the 1.5% cut in interest rates - The Guardian

House prices are set to fall 10% in 2009, the Royal Institution of Chartered Surveyors (RICS) has warned. The drop would bring the total peak-to-trough decline to 25%, from the peak in September 2007 - The Times

Plans to remove a London Eye-style ferris wheel in Belfast would be "disastrous" for the city, operators of the £3.5M structure have claimed. World Tourist Attractions expressed concern after the Northern Ireland Environment Agency objected to a bid to extend the Big Wheel's stay near City Hall - The Guardian

Britain's dependence on natural gas as a source of energy is growing, even as supplies from the North Sea are running out, figures suggest. They indicate that the UK is relying increasingly on gas as its primary source of fuel for electricity generation, even though the country is being forced to import more and more as domestic reserves grow scarce - The Times


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