16.06.2011 - UK: House prices to fall for five years, warns thinktank
Real house prices could drop by a fifth over the next five years, a leading economic forecaster warned today. Despite prices falling since the credit crunch, houses remain overvalued by around ten per cent, the National Institute of Economic and Social Research (NIESR) claimed. Additional regulations on banks could knock a further ten per cent off prices, after inflation, NIESR has estimated..............................................Full Article: Source
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