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Tuesday, 13 July 2010

House Prices Will Not Recover for a Decade

A new report from Price Waterhouse says that house prices int he UK will not recover for a decade and property should be viewed as a risky investment.

According to PwC, "housing is a risky asset that is not guaranteed to generate positive real returns in the future even though this has been the pattern in the past."

PwC warns that there is the strong possibilit of prices falling for the next five years and could drop further beyond 2020.
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