House prices may fall up to 35pc over the next three years, Capital Economics has warned, in one of the bleakest forecasts yet for the UK's property market. Economists Roger Bootle and Ed Stansfield said the slowdown has turned into a "full-scale slump", since the turn of the year with unemployment set to reach a 12-year high as the economy slows.
Added to Capital Economics opinion of the U.K. house prices declined by the most this year in June as buyers shunned the market, deepening Britain's property slump, Rightmove Plc said.
Full story at The Telegraph
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