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Credit crunch - The end of cheap money but the beginning of serious discounts. You've invested in a credit-crunch rug and some cushions from Conran shop "to cheer yourself up".

Basement - Everyone who is anyone on your street has done the basement. Or go one step further with a sub basement (see media room).

Read more at...

http://www.telegraph.co.uk/property/propertymarket/wordonthestreet/6787531/Property-Dictionary-of-the-decade.html

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