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House prices still too high, say economists, despite forecast they won’t return to 2007 peak for SIX years

Posted on 03 January 2013

House prices in Britain are still artificially high according to economists, despite a report revealing that the property market is set for the longest slump since records began. The ‘topsy-turvy’ nature of the housing market was in evidence further today with official figures from the Land Registry showed that prices edged up 0.9 per annually but sales slowed.
According to a host of experts polled by the Financial Times, 44 said houses were overvalued compared to 26 who said they are not – yet despite this few of them expect any sharp falls this year………………………………………..Full Article: Source


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