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Futures market puts house prices in cash terms down by a third by 2011
Punters in the residential derivatives game are putting a very bleak gloss on the direction of house prices.The Tradition Future HPI, which measures future prices against the Halifax (HBOS) non-seasonally adjusted average, puts a value of £137,233 on an average house in June 2011. Given that prices peaked at £201,081 ...