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News: House prices to fall 10% by 2013

Fri, 14 Oct 11

Weak economic growth and falling employment will cause house prices to fall 10% by 2013, according to Capital Economics.

In a Q4 housing market report, Capital Economics predicts that house prices will decline by 5% in both 2012 and 2013.

And it says that the threat of another major financial crisis and a return to recession mean that risks to its forecasts are to the downside. 

The report says that the UK’s economic recovery weakened noticeably in Q3, while employment growth has turned negative once and again and further job losses are on the horizon. 

Source: MortgageStrategy.co.uk

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