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UK: House prices ‘to fall for the next five years’ in longest property slump for a lifetime

Posted on 05 May 2011

House prices in Britain will fall for the next five years in the longest slump for at least half a century, leading economists warn today. Property values in the UK are set to fall 4.5 per cent this year and 10.5 per cent by the end of 2015, according to the National Institute of Economic and Social Research.

The five-year slump in real terms – after inflation has been taken into account – is the longest period of decline since records began in the 1960s……………………………………….Full Article: Source


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