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Sharpest annual fall ever expected for UK house prices

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Posted by James Mace at 17:25 on 03 Feb 2009
Category: 
News & Updates

A leading economic think tank has today warned that UK house prices are set to suffer their largest annual fall since the end of the Second World War, unless urgent action is taken by the government.

According to the report by the Centre for Economics and Business Research, the failure of the latest bank bail out by the government to stimulate lending activaty, means that house prices are unlikely to return to their 2003 levels until 2013.