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House prices ‘to plummet by 35%’ - the biggest ever fall in Britain

Posted on 22 October 2008

From Dailymail.co.uk: House prices will fall a record-breaking 35 per cent by next autumn, a leading firm of economists warned yesterday. The collapse will be the biggest fall ever seen in this country.

The claim, from the consultancy Capital Economics, will horrify homeowners who face being plunged into negative equity. According to the forecast, around £65,000 will be wiped off the value of the average home….. Full Article: Source


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