George Osborne and other foreign ministers wearing kimonos in Japan, banging down wooden hammer
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Brexit would hit house prices, says Osborne

During a visit to Japan for a G7 Finance Ministers meeting on Friday, Chancellor George Osborne told the BBC house prices could fall by 18% if the UK left the EU.

It is a claim made in a Treasury report out next week, which argues that Brexit would create a series of economic shocks to housing, employment and wages.

Leave campaigners argue however that lower house prices would be good for first-time buyers.

Kamal Ahmed reports.

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