CEBR reverses forecast that house prices will rise | This is Money
House prices will fall this year as confidence slips, according to a downbeat report from economists the CEBR, reversing a previous forecast of values rising
The fragile recovery, anaemic growth in disposable incomes and higher unemployment will eat into the property market's prospects and lead house prices to fall 1.7% in 2011, it said.
The forecast reverses the CEBR's December prediction that house prices would inch ahead 1.2% in London and 0.8% elsewhere this year.
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