BBC NEWS: House prices ‘to reduce by 25%’
BBC NEWS: House prices ‘to reduce by 25%’ 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.
This prediction implies that 2.5 million homeowners could be pushed into negative equity.
Graham Beale also said he does not expect to see signs of recovery in the housing market until 2010.
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