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House prices to fall further in 2011, claim economists

Posted on 31 December 2010

From Telegraph: House prices are expected to fall further in the new year as banks maintain a tight rein on mortgages amid government austerity measures, economists claim. Experts predict that property values will plunge by 5 to 10 per cent in 2011 following a period of declining prices since the summer.
Of 56 economists polled by the Financial Times, 50 said they expected house prices to continue falling next year, compared to just six who thought they would rise……………………………………….Full Article: Source

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