| From Telegraph: According to upmarket estate agent Knight Frank, the housing market will continue to decline until late 2009 or early 2010 and will not return to the peak of levels it reached last year for at least another five years after that.
The research follows gloomy data from the Halifax and Nationwide, with the latter reporting that in September house prices were 12.4pc lower than a year earlier. Liam Bailey, the head of residential research at Knight Frank, said he expected prices to fall 30pc from their 2007 peak and added that "vulture funds and cash-rich individuals" will look to benefit from the plunging property values..... Full Article: Source
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