House Prices to Recover Only by 2011
The National Housing Federation has forecast that house prices will fall this year and in 2010 before recovering in 2011, contradicting the forecast made by Nationwide last week that prices could actually rise in 2009.The federation expects prices to fall by 12.2% this year and by 4.6% next year before stabilising in 2011. It also warned that people who bought at the peak of the market may be in negative equity for the next 5 years.
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