House prices ‘to reduce by 25%’

Article Date : 09 September 2008
News Section: United Kingdom

Graham Beale’s forecast for the housing market The chief executive of the Nationwide Building Society has told BBC News that he thinks house prices could fall as much as 25% from their peak. Robert Peston, BBC business editor, BBC News - 8th Sept 08 This prediction implies that 2.5 million homeowners could be pushed into negative equity. Graham Beale...

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