Green

Pretty decent piece. Hi FP, may I ask what type of falls you are predicting and what period of time these falls will span. Lastly do you believe prices will fall sharply & rapidly... if so why. Thanks in advance!!

I was just about to post a similar question, I guess what your asking (at least what I think your are wondering) is how much will property depreciate by. From the limited research I have done here and a few other places suggestions of a 20% crash when all said and done are not unrealistic. If I could pick up something with a 30% discount I would jump all over it based on my current limited research! Good post!! 30% off 190K would land you very close to your target of 120k, so I take that a yes to 30% but no to 20%

Can I ask whay this is based on?

I am interested in what you guys think the level of correction will be (%) and how steep the dip will be in prices (will prices slowly drop or the opposite). Also interested to know how long this process may take. More importantly does it look like gordie will let it happen?

http://www.londonstockexchange.com/en-gb/p...icleID=18144017

http://www.londonstockexchange.com/en-gb/p...icleID=18144017

I make you right from my research, seems like they are still rising.

Very interesting stats from the beeb site, where would one look for corroboration of these figures? Thanks for the link!

I truly appreciate the information you guys provide here, as a newb to these parts I am still trying to process it all but what I have understood so far has been eye opening to say the least. Thanks for your insight. I'll go back to trying to figure out what all the abv.'s here stand for so I can try decipher some more of the interesting posts cheers!