Relevant:
- U.K. Home Prices Rise as Halifax Sees Stagnating Market
- U.S. Home Prices May Decrease 6% to 11% This Year, Morgan Stanley Says
- Morgan Stanley Sees San Francisco Housing Double-Dip, NYC Gains
- U.K. House Prices Fall As Halifax Sees Stagnant Market: Economy
- CEBR Cuts U.K. House Price Forecast, Says Values to Fall in 2011
2011-06-01 — bloomberg.com
"Home values will fall a total of 10 percent in the two years through 2012, compared with a previous estimate of a 7 percent decline to the end of this year, Morgan Stanley economists including London-based Melanie Baker and Cath Sleeman said in a note to clients dated yesterday. The declines will cause U.K. banks to post larger loan losses, with Lloyds Banking Group Plc the most exposed to price drops, they said."
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