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Why UK house prices will fall

Posted on 09 January 2012

According to the latest Halifax House Price Index, a typical UK home cost £160,063 in December 2011. A year earlier, this price tag was £163,665, so the average value of a property has fallen by £3,602 (2.2%) in 12 months.

What’s more, most economists and property pundits predict further falls for 2012. For the record, I also expect house prices to decline yet further this year, because of this toxic cocktail of problems for property prices (in no particular order):……………………………………..Full Article: Source


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This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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