Friday, October 29, 2010
Capital Economics say 20 percent
House prices need to tumble by 20% to make homes affordable, economists have said. The claim came as the Nationwide reported a further slowdown in the property market. Property economist Capital Economics said only a fall of a fifth in the average price - bringing the figure down by around Â£33,000 to Â£130,000 - will bring homes within reach of buyers.