07.11.2012 - Knight Frank says house prices may not return to peak till 2019
The downward correction to house prices gathered pace in October, according to data out yesterday, while one estate agent today predicted prices would not reach their pre-recession peak until 2019. The UKs average house price slid 0.7 per cent into October, according to the Halifax house price index, meaning prices are some 1.7 per cent lower than a year earlier. This makes October the fourth consecutive month of monthly decline, a slide which Halifax puts down to a weak overall economy...............................................Full Article: Source
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