UK Treasury: House prices will plummet if Britain leaves EU

LONDON - Britain's Treasury says residence rates could fall through up to 18 percent if the nation leaves your European Union -- the declare dismissed as scaremongering simply by campaigners for any U.K. exit in the bloc.Treasury chief George Osborne says leaving your EU will be any "profound economic shock."Treasury analysis estimates property prices will be really worth between ten http://propertymarketed.co.uk - property news ni - and also 18 percent less simply by 2018 if Britain leaves than when it stays.Osborne says Britain and its folks "are going to become poorer outside the EU."Energy minister Andrea Leadsom, which backs the "leave" vote throughout Britain's June 23 referendum, mentioned Saturday that http://www.telegraph.co.uk/property/news/ - http://www.telegraph.co.uk/property/news/ - will "the greatest threat towards the economy is the perilous state of the euro" currency used by 19 EU states, along with Britain should "take back control" regarding its finances.