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Property prices will drop for the next two years, surveyors warn

Posted on 10 August 2010

From Independent: A fall in house prices later this year and in 2011 is becoming increasingly likely, according to the latest survey of the property market from the Royal Institution of Chartered Surveyors.
The RICS’s July poll of estate agents found more members saying that prices were falling than rising – the first time the index has turned negative since June last year. In contrast, last month saw 8 per cent more surveyors reporting improvements……………………………………….Full Article: Source

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