The Council of Mortgage Lenders (CML) has revised its forecast for UK house prices and is predicting a 7% fall in values this year, as opposed to a 1% rise (October 2007). During the months of March and April, mortgage lending fell by 16% year-on-year as the market continued to shrink and lenders upped their deposit [...]
CML predicts 2008 house price fall of 7%
