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Realistbear

Savills: London Prices Will Drop 25% By End Of Next Year

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http://uk.biz.yahoo.com/08072008/399/prope...ys-savills.html

Tuesday July 8, 10:15 PM
Property squeeze spreads to Europe, says Savills
By Maggie Urry
| | |
The chief executive of Savills (LSE: SVS.L - news) forecast house prices in
London to fall 25 per cent
by the end of next year, while the effect (Advertisement)
of the credit squeeze on property was now spreading across Europe and into Asia.

My suggestion has been a 50-60% drop from the top. 25% is gettiogn better. If EAs are admitting 25% I suspect they expect a lot worse. This news might cause a few speculators and Russians to put their London gaffs on the market a bit sharpish this morning. Why wait? Time is money and things are only going to get worse.

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less than 20% off peak by the end of THIS year would be a disappointment...

Hmmm... we are only abour 7% off at the moment... not sure if we will scrape double figures TBH....

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less than 20% off peak by the end of THIS year would be a disappointment...

But, if these bulls say 25% they mean at least 75%.

Can't we read between the lines?

Add in the economic woes coming the UKs way..and

WHHHHoooooooaaaaaaa!

75% will appear conservative.

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Hmmm... we are only abour 7% off at the moment... not sure if we will scrape double figures TBH....

It always starts slowly in the beginning. Then the phenomena of market momentum kicks in and the end result is an overshoot before returning to some form of equilibrium. Momentum in a crash is a force to be reckoned with. Once the sheeple are stampeding nothing will stop them. The time to buy back in is when the market is at its darkest. As Warren Buffett says: buy from pessimists and sxell to optimists.

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It always starts slowly in the beginning. Then the phenomena of market momentum kicks in and the end result is an overshoot before returning to some form of equilibrium. Momentum in a crash is a force to be reckoned with. Once the sheeple are stampeding nothing will stop them. The time to buy back in is when the market is at its darkest. As Warren Buffett says: buy from pessimists and sxell to optimists.

I'm not so sure sentiment is that bad. I'm still seeing properties being sold and theres every chance - no its a cast iron certainty - that the BoE will savagly cut the interest rates if (when) the economy gets any worse (they dont give a toss about inflation, think we all know that by now).

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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