House prices will slump by 3% in 2012 as they drop for fifth consecutive year | Mail Online

House prices will slump by 3% in 2012 as they drop for fifth consecutive year | Mail Online

House prices will slump by 3 per cent next year, marking the fifth consecutive year when they have fallen rather than risen, a report warns today.
It means many homeowners will face an impossible struggle to find a buyer if they want to sell.
The ‘sluggish’ economy, rising unemployment and the fact that household incomes will ‘remain under pressure’ are to blame, says the study from property analysts.