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UK property market set for worst slump in 50 years

Posted on 09 May 2011

Property prices in the United Kingdom are set to fall for the next five years as the market enters its biggest slump for at least half a century, according to UK economists.
The gloomy outlook published last week by UK’s National Institute of Economic and Social Research (NIESR), predicts that prices will fall 4.5per cent this year and 10.5per cent by the end of 2015, the longest period of decline since records began in the 1960s……………………………………….Full Article: Source


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