£50,000 Less by the end of 2009
2009-01-15 14:24:04It's believed that the value of the average home in the UK will have dropped by £50,000 by the end of 2009.
The CEBR thinks that house proces will fall by 25% and not return to their peak values until 2013.
The average price of a UK home hit £200,000 in August 2007. It's predicted that the average price will fall to £149,000 in 2009.
