Rat and Mouse
Wed
01
Jun
Morgan Stanley: House prices to fall 10%, according to research note

Apparently, a Morgan Stanley research note to clients went out this morning predicting a 10% fall in the value of residential property by the end of 2012. The prediction is based on a sharp rise in interest rates. Banks (and their vulnerability to falling asset values) are a concern, and the note singles out Lloyds as particularly vulnerable.

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