Tuesday, Jan 29, 2008
House prices will fall by up to a tenth this year, according to one of Britain's most powerful fund managers.
mail: Price of average house 'will fall by £18,500 this year' - that's £50 a day
House prices will fall by up to a tenth this year, according to one of Britain's most powerful fund managers.
Neil Woodford, of Invesco, said they are simply too high and the average home will drop £18,500 by New Year's Eve, or £50 a day.
The fall may be much worse in some parts of the country, warned the 47-year-old investment guru, with the biggest losers the owners of new-build flats aimed at buy-to-let investors which he fears are "almost unsellable."
Posted by dangerous trading @ 01:11 AM (451 views) Add Comment
4 Comments
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1. tyrellcorporation said...
Well done guys, this translates into an £18,500 pay rise for us all or about £28,000 before tax! Yippee!
2. Landedgentry said...
The doom and gloom mail will induce more fear and panic - WELL DONE !
3. little professor said...
Huh?
4. Orwell said...
Wow!
And that's the ultimate in cheerleading saying this!!