News
UK
property prices to
continue their
downtrend in 2009
A few weeks ago
the Council of
Mortgage Lenders
halted forecasts,
describing them as
“useless” in the
current economic
downturn.
Those who are
issuing them are
predicting further
property price
falls. Barclays
expects a drop of
15% during 2009.
The Centre for
Economics and
Business Research
is predicting a
20% decline in
prices, from the
market peak last
summer
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