Tuesday, Mar 25, 2008
Reality is here
FunctionPix: UK Property prices must drop 10 - 15% now to avoid a 50% crash later - RICS
The UK residential property sector is facing it’s toughest dilemma for more than 40 years according to a RICS specialist.
Data from property portal ‘Rightmove’ backs up the speculation that the UK will see a price crash of up to 50% in the coming 12-18 months unless drastic steps are taken now.
Posted by bufferbear @ 06:46 PM (804 views) Add Comment
8 Comments
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1. Notlongnow said...
OK, who on here wrote that :-)
Must have been written by a HPC regular....I just wonder how long it will take for the common sense advice given to trickle down to the masses!
2. mark said...
and what action would rightmove like to see free money for all!!!!!
3. Davidg said...
I think this story is mistitled. In the article the guy says properties will fall 50% or so so sellers should immediately drop prices 10-15% to get out of the market before the inevitable crash.
4. quiet guy said...
What a remarkable article! The message for sellers from me is:
Do not drop your asking prices! You have a preordianed right to money for nothing! Do not let the siren voices at housepriecrash.co.uk mislead you! Keep you house on the market for another 18 months and you will get what's coming to you.
5. Hara said...
This article is a fake, as discussed here:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=71895&st=0
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