Tuesday, Oct 09, 2007
The housing market from a neutral perspective
UKPRwire: Fears that prices could fall by 50 per cent
The UK housing market could see prices fall by 50 per cent, according to the Debt Advice Bureau
The not-for-profit organisation looked at house price growth against Gross Domestic Product (GDP) figures since 1952, reports City Wire.
It found that whenever house price growth reached more than 15 per cent of GDP there was a subsequent fall, which saw price growth cool by between 62 per cent and 80 per cent of economic growth.
Further to this, in the 1970s house price growth hit 120 per cent of GDP growth and this was followed by a huge crash.
Posted by herrbbiiee @ 12:30 PM (514 views) Add Comment
3 Comments
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1. Sold My Soul To The Never Never Never said...
And just when the Chancellor of the Exchequer has doubled Inheritance Tax! There won't be anything left to inherit!!!
2. deepak said...
I wish it were not a fear but reality
3. trough2010 said...
not sure any source can be deemed 'neutral' - look at the name 'ukPRwire', i guess even the bears have their media channels - nevertheless a nice and juicy headline from a HPC perspective