House prices could fall 40% without rise in lending

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House prices could fall 40% without rise in lending

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02-03-2009, 09:02 AM

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House prices could fall 40% without rise in lending

The desperate need for increased mortgage lending has been highlighted by a report from the Centre for Economics and Business Research (CEBR), which is predicting that UK house prices could fall by a further 25% in 2009. Taking into account last year’s 16% decline, the forecast gives a peak-to-trough fall of 40%. The independent consultancy is a [...]

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