House prices will fall around 20% by 2013 – Citywire

House price to earnings ratio Long-run average

Diggle warns the data also shows there is a risk that house prices could fall even more as historically prices have fallen below long-term averages. Also, he adds that his analysis has not taken account of that fact that prices do undershoot long-term averages.

via House prices will fall around 20% by 2013 – Citywire.

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