Sunday, Dec 14, 2008
But what about overshoot!
The Telegraph: House prices to crash 30 per cent, Barclays chief executive John Varley warns
Mr Varley said: "Our view was that from the top to the bottom, you would see a fall of something like 25 to 30 per cent. I suspect we're about halfway through that at the moment. I mean that slowdown, the negative house price inflation started in 2007, it's accelerated in 2008.
"We're probably about halfway through that period, so in other words we've got another 10 to 15 per cent to fall between now and the end of next year. That would be our assessment."
Posted by cheekie charlie @ 11:16 PM (114 views) Add Comment
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