Financial Times FT.com

UK house prices

Widespread alarm is rattling at castle gates

By Norma Cohen in London

Published: July 8 2008 20:21 | Last updated: July 8 2008 20:21

In an age when an Englishman’s home is not only his castle but his retirement fund, the prospect of falling house prices provokes widespread alarm.

On Tuesday Savills, the property advisory group most closely associated with the London housing market, fuelled the national unease when Jeremy Helsby, its chief executive, reiterated the company’s forecast that house prices could fall by as much as 25 per cent over the next two years.

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