The slide in house prices will continue for at least three years and crush the value of a home by almost 50% in real terms, according to a key index of property price futures. Indications from futures trading on long term property prices shows that the average UK home will recover its current value only in 2017.
http://www.guardian.co.uk/business/2...et.houseprices
"This government says this housing depression will be different from the early 1990s. Yes, that's right. It will be worse."
http://www.guardian.co.uk/business/2...et.houseprices
"This government says this housing depression will be different from the early 1990s. Yes, that's right. It will be worse."
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