November 23, 2004
The new economic game...
is forecasting how much house prices in the UK will fall in the next year or two.
On Monday, Deutsche Bank said it expected prices to drop by 10-15 per cent over the next year and then to stagnate for several years.
The National Institute for Economic and Social Research, the think-tank, said house prices were overvalued by 30 per cent while Capital Economics, the consultancy, predicted prices would fall by 20 per cent.
