Wednesday, Apr 15, 2009
There is No Floor on House Prices, Only End of Recession will stop the falling
Write About Property: UK House Prices will Fall for as Long as Unemployment Rises
Almost everyone seems to have developed the belief that a further 10% will be enough for the UK housing market to hit rock bottom. This will mean a 26.5% drop from peak if you go by the current Land-Registry index, and 30 - 35% if you go by some of the other indexes floating around. Several reports have recently either forecast and/or said that this recession will be/is equal to or worse than the great depression of the 1930s.
Posted by problem pete @ 03:46 PM (120 views) Add Comment
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