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Paul Holmes Chief executive of Firstrung bearish on future house prices.

Paul has observed that sellers are over valuing their homes, the Rightmove house price survey suggests that the average price of a home is £250,000, at the same time the Land Registry places the average at £155,000!
Mr Holmes has stated that he is very bearish on property values for the next two years and he believes there is another 20 -25% correction still to come.
He also believes that the recent news of 600,000 civil servants losing their jobs, will have an impact.

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