Assetz calls house price slump 'bottom'

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The 'bottom' of the house price crash could arrive as early as next summer while the UK base rate is likely to fall to zero, according to property investment firm Assetz.

In its 2009 housing market forecast, the firm suggests there will be substantial increases in property sales in the early months of next year compared with the second half of 2008. Additionally, it says interest base rates will continue falling into early 2009 - to 1% at the January Monetary Policy Committee meeting and possibly to as low as 0% by spring 2009. The firm also says bank lending levels will increase in 2009 with a flurry of announcements from banks in the first three months of the year. "The measures taken by the Government and the Bank of England this year, as well as fu...

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