Even the BBC have to report that "The Nationwide has changed its prediction for property values after UK house price inflation fell to its lowest rate for 12 years.
The mortgage lender said prices fell by 0.6% in March, cutting the annual rate of increase to 1.1% - its lowest rate since March 1996. After five months of price falls, it said prices would continue to drop. This marked a shift from its previous prediction that there would be no overall change by the end of this year."
I am still predicting a 40% drop in the average UK house price from the peak last summer to the end of 2010.
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