Property recession on way as prices fall

mixed bag: The table shows that in some areas, property prices actually held up quite well. However, the relatively stagnant market means that a clearer picture will only emerge after the next two quarters

THE north's housing market is heading for a recession with average prices falling by £20,000 in recent months, a new report has revealed.
The quarterly University of Ulster house price survey is regarded as the most accurate and the latest, released today, shows that average prices in the north fell by £20,000 in the last three months of 2007.

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