HBOS predicts 20% fall in house prices

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HBOS predicts 20% fall in house prices

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08-01-2008, 05:33 PM

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HBOS predicts 20% fall in house prices

HBOS, the banking group that owns Halifax, is predicting that house prices will fall by up to one-fifth over 2008 and 2009 combined. The lender expects a worsening economic climate to escalate the downturn in the housing market and has announced that will be repricing around one-third of its mortgage products during the remainder of this [...]

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