Tuesday 13 July 2010

House price slump may last a decade, experts warn

Daily Mail
"Fears that any recovery in house prices will be short-lived were growing last night - following a series of devastating reports about the future of the property market.In an unprecedented warning, four leading experts raised concerns that the housing market could be teetering on a knife-edge for the next decade.They included accountants Pricewaterhouse Coopers, the Royal Institution of Chartered Surveyors, a leading economic consultancy and the Council of Mortgage Lenders."

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