From Telegraph: House prices will fall in real terms over the next five years as inflation outstrips meagre rises in property values, one of the country’s most respected forecasting bodies has warned.
The National Institute of Economic and Social Research (NIESR) claims that prices will fall, in real terms, by about eight per cent. It means that after accounting for inflation, “real” house prices will have collapsed to 2003 levels by 2015………………………………………Full Article: Source

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