Are house prices set to fall again?

 

 

Hearts would have skipped a beat last week on reports that by 2015 there is a good chance that homes will be worth less than they did in 2007.

PricewaterhouseCoopers said there is a 70pc chance that British house prices will be below peak 2007 levels in 2015 in real terms, despite a continued expected recovery in prices in cash terms – in other words any rise in property prices won't keep pace with inflation.

 

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