Long term prediction indicate that UK property prices will fall further this year

[Nicholas Wallwork]

Residential property prices in the UK will fall further this year and not start recovering until the end of 2010, according to various long term predictions.

According to the Centre for Economics and Business Research there will be a further 3% decline this before the real estate market experiences a return to modest growth in property prices through to 2013. Price increases of 2% are predicted by the end of 2010 and 3.6% expected in 2011.

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