Tuesday, April 1, 2008

House Prices Could Decline 25%

Ed Stanford, a property economist at Capital Economics said it was entirely plausible that house prices in the UK could fall by 25% in the next couple of years. He argued that a combination of factors threatened to bring prices substantially lowerShortage of Mortgage lending - Recenly many lenders have withdrawn cheap 2 year fixed [...]

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[Source: Finance Blog]

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