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CEBR Cuts U.K. House Price Forecast, Says Values to Fall in 2011

By Implode-Explode Heavy Industries

"Home values will drop 1.7 percent in 2011 to an average 175,416 pounds ($280,578), compared with a November forecast for a gain of 2.2 percent, the London-based group said in an e- mailed report today. It cut its prediction for gains through 2014 to 9.1 percent from 16 percent."

Full post as published by Mortgage Lender Implode-o-Meter on February 13, 2011 (boomark / email).