House Prices – Will They Rise Or Fall in the Coming Months?

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House Prices – Will They Rise Or Fall in the Coming Months?

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People in the UK like to own their own property. There are many reasons for this but one thing is clear, everyone is interested in the value of property. Since the height of the property boom in November 2007, property values across the country have fallen by 20%. With commentary about improvements in the economy abound and claims that the recession is over, the question on many people’s minds is have house prices also reached the bottom? There are of course conflicting views about the next direction for house prices. The National Housing Federation (NHF) predicts that house prices will continue to fall in 2009 to equal a total reduction for the year of 12% and then drop a further 4.6% in 2010. They also predict that homeowners who purchased their properties in the 2007 peak could remain in negative equity for a further 5 years. However, the Royal Institute of Chartered Surveyors (RICS) have predicted that house prices will follow the recent trends found by Halifax and Nationwide which

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