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House prices to rise next year
British house prices are likely to fall just three per cent more over the rest of 2009 before growing by two per cent in 2010, says the Centre for Economics and Business Research.
“Our view is that the extent of house price falls already seen means further significant falls are unlikely,” said CEBR economist Benjamin Williamson.
The CEBR predicts that in the fourth quarter of this year house prices will reach a trough of 24 percent below peak values set in the third quarter of 2007.