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    New data from the Royal Institution of Chartered Surveyors will show a “decrease in the number of members reporting house price rises”, The Sun, reports.

    According to the UK Residential Market Survey:

    • The housing market may collapse due to a fall in property prices
    • Experts warn that this price crash could be as bad as the collapse in the 1990’s whereby around 1 million people were hit with negative equity
    • Property value could plunge by 40%, according to experts

    Professor of Economic Geography at the London School of Economics, said:

    “We are due a significant correction in house prices.

    “I think we are beginning to see signs that correction may be starting.”

    What do you think?

    Please tweet comments @suppsolutions.

    For more details, visit The Sun.

    July 10, 2017 by Abimbola Duro-David Categories: Housing And Benefits

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