Tuesday, July 13, 2010
A large fall in real terms
Fears that any recovery in house prices will be short-lived were growing last night - following a series of devastating reports about the future of the property market. In an unprecedented warning, four leading experts raised concerns that the housing market could be teetering on a knife-edge for the next decade. They included accountants Pricewaterhouse Coopers, the Royal Institution of Chartered Surveyors, a leading economic consultancy and the Council of Mortgage Lenders.