Morgan Stanley said U.K. house prices will continue to decline through 2012 as a squeeze on consumers’ incomes and higher interest rates restrain property demand.
Home values will fall a total of 10 percent in the two years through 2012, compared with a previous estimate of a 7 percent decline to the end of this year, Morgan Stanley economists including London-based Melanie Baker and Cath Sleeman said………………………………………Full Article: Source