Tuesday 29 January 2008

House price plunge predicted for 2008

"House prices could fall by ten per cent during 2008, according to a UK fund manager.

Neil Woodford of Invesco Perpetual believes that prices are too high and the average price of a home will have to drop.

If his predictions are correct it would mean homes losing £50 of value a day totalling £18,500 by the end of the year..."

Read more here

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