Economist Warns of House Price Collapse

Daily MailJuly 14, 2007

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Summary


THERE is a one in five chance of a UK house price crash over the next two years, a leading economist warned.

The gloomy outlook comes from Bank of America's Matthew Sharratt, who reckons a 'rapid drop in sentiment' could severely dent property prices as rising mortgage rates hit homeowners.

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Economist Warns of House Price Collapse

He said prices could fall by ...

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