House Prices Drop 5%

A new poll shows that UK housing prices will fall 5% this year and market analysts believe that it could get worse as a result of the soaring consumer inflation which limits the scope for interest rate cuts.The poll conducted by Reuters show that the annual basis varied from a 10% fall to a 2.9% rise with a median forecast of a 5.0% drop in UK housing market.According to the poll of 30 analysts drawn from banks, investment firms and research institutes, nearly a third of the

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