Saturday, Mar 28, 2009
Beckett will soon be saying if we are lucky the market might bottom at 50%
Daily Mirror: Property prices could fall further, according to Housing Minister Margaret Beckett
In the face of the Land Registry figures showing 23% falls since peak, and the Council of Mortgage lenders confirming average loan to income is now 3x's (50% drop from peak), the paper said:
But the senior minister warned: "Any politician who said we have hit the bottom of the market would be insane. Everybody is saying things are very difficult."
Posted by sybil13 @ 11:23 AM (560 views) Add Comment
4 Comments
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1. crunchy said...
Does anyone get the feeling that the market is now being talked down?
Oh the manipulation of the simpletons!
2. little professor said...
What happened to her green shoots?
3. Mr Rigsby said...
Yes crunchy, let's carry on talking it down for another few years (just like Japan's housing decline....)
I hope it drops more than 50%
4. Mr Messy said...
the land registry say house prices have fallen by 23% , well maybe they should tell the estate agents this in dudley , west midlands , house prices have fallen between 0% and if lucky 10% , just a load of bulls**t. unless you have a derelict two bedroom terraced house that compleyely needs gutting