House prices ‘to fall further’: Primelocation

Posted on February 5, 2009 · Posted in Primelocation

House prices could fall by a quarter from current values if predictions from the Centre for Economics and Business Research prove correct. Respected analysts CEBR expect prices to fall 32% from their 2007 levels by the first quarter of next year – providing the Government’s rescue schemes for the banks work. If they fail, house prices will drop 40% from their peak, say the economists.

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