House prices: How low can they go? Telegraph
One who thinks so is Jonathan Davis, chartered financial planner with Armstrong Davis and spokesman for the cult website www.housepricecrash.co.uk, where those who stayed out of the property boom go to gloat. A few months ago, commentators on the housing market were lining up to pour scorn on his dire predictions. Kirstie Allsopp even called his website "sick". Now, Davis admits he has been wrong about the housing market – but only in as much as it is in a worse state than he had thought.
"In April 2007 I said I thought prices would fall by 25 per cent from peak to trough," he says. "By October 2007, I increased that to 35 per cent. Now, I think prices will fall by 40 to 50 per cent, and the market will not reach a bottom until 2011."
Fame, fame fatal fame. FP is the new Kirstie Allsopp.
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