Sign in to follow this  
Followers 0
Crashman Begins

Swansea Evening Post - House Price Crash Looms

1 post in this topic


09:00 - 03 June 2008

Swansea is heading for a 35 per cent drop in house prices over the next few years, a leading property expert has warned.Higher mortgage rates and fears of a recession are scaring off buyers and forcing sellers to drastically lower their prices, according to financial guru Jonathan Davis.

The spokesman for, said all types of housing were being affected by the slump.

He believes that prices will continue to fall locally until around 2011.

Mr Davis said his advice to buyers is to hold fire and wait and see what happens to the market.


Reader comments:

Actually I've run my projected futures for Swansea houseprices, and it's not looking good. I've used the Umbrella quantum theory and it brings up price drops of around 37% by 2011.

Bruno Powroznik , Cardiff

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.