House prices will fall 2.7pc

House price news, information and discussion – HousePriceCrash.co.uk

“House prices will fall 2.7pc in the coming financial year, the Office for Budget Responsibility (OBR) has forecast. The expected contraction in residential property prices represents a downwards revision of five percentage points on the OBR’s June forecast for 2.3pc growth in 2011/12.”