27.10.2008 - House prices will fall for another year, says CEBR
From Times Online: House prices will continue to fall for another 12 months and will not bounce back to last year's levels until at least 2013, a leading economics group said . The value of the average home will fall by 25 per cent, or £50,000, to reach a low of £149,000 in autumn next year, despite the prospect of much lower interest rates, the Centre for Economics and Business Research (CEBR) said. House prices have already tumbled by more than 12 per cent in the past year, according to figures from Halifax, the lender..... Full Article: Source
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