Saturday, Jul 14, 2007
Bank of America predicts doom for uk house prices
The Landlord Association: Bank of America predicts 1-in-5 chance of housing market crash!
The Bank of America has predicted that the UK faces a 20% probability that the UK housing market will crash in the next 2 years!
Posted by landlordexpert.co.uk @ 09:42 AM (202 views) Add Comment
6 Comments
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1. Mark said...
i think we have a 100% chance of a crash very soon, the signs are there ow.
I reckon at least 40% drop in prices, thats why we sold our 17 BTL last year..
2. royston said...
Interesting opening of this debate! What is the likelihood of 20% rising steadily over the coming months? - Very high, I think! - 50% by the end of the year, IMHO!
3. paul said...
Hang on. A year ago the probability was 5%.
Therefore ... is this now going to increase? 40% this time next month perhaps .... ?
4. dobber said...
Hmm, reminds me of Alan Greenspan predicting a 20% chance of the US economy going into recession this year.
IMHO, Wall Street turns sour in the next 2 months and the US is in recession by year end, dragged down by mortgage rates resetting and confidence evaporating.
Tin hat time for the UK property market.
5. Ihopeitgoeswithabang said...
Well last year I would not have expected there to be 1056 properties for sale on Rightmove within 3 miles of my house.
But there are now.
I'm spoilt for choice! ... well I would be if was intending to buy anything.
Predictions?
What goes up will come down. You don't need a percentage for that! :-)
6. paul said...
Kirtsy Allslopp will be berating them for their irresponsible journalism ....