Monday 28 January 2008

Woodford on house prices: closer to the mark this time?

"Fund manager supreme Neil Woodford of Invesco Perpetual is making another call on house prices.

Woodford, manager of the Invesco Perpetual Income fund and head of investment at the company said that 8-10% falls were likely in 2008.

'Areas that have seen a concentration of speculative development and buying, such as regional metropolitan centres, could be subject to much sharper falls, however.'..."

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