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Morgan Stanley sees U.K. home prices extending drop in 2012

Posted on 02 June 2011

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


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