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After celebrating its 21st birthday last month, sales in Ikea’s new flat pack homes have fallen because of fears among mortgage lenders.
The development of homes, known as Bokloks, was opened in Gateshead last week and was backed by massive publicity campaigns. However, out of the 93 properties on the site, 12 still remain unsold.
An unwillingness to lend money by lenders and the contraction in the mortgage market are said to be the main reasons for the drop in demand.
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