Wednesday, 29 December 2010

The Press Association: House prices 'to keep falling'

The Press Association: House prices 'to keep falling'

House prices look set to continue falling during the coming year as Government spending cuts bite and the problems in the mortgage market continue, economists have said.

The Financial Times said 50 out of the 56 economists it interviewed who expressed a firm view on house prices predicted further falls, with just six expecting values to rise.

But economists are expecting declines of between 5% and 10% as households struggle with tight finances, rather than a house price crash.

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