The newspaper picks up on research by the National Institute of Economic and Social Research, which predicts five years of falling prices (after inflation...which is high) with the wider economy suffering as a result (although the report's assumption that the correlation between rising house prices and consumer spending is chicken-egg, rather than egg-chicken, is simplistic).  The NIESR's predictions are for "real" (after inflation) house price falls of 4.5% this year, and an average of 1.5% for the following four years. More here.

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