Tuesday, January 29, 2008

House prices will fall by up to a tenth this year, according to one of Britain’s most powerful fund managers.

Price of average house 'will fall by £18,500 this year' - that's £50 a day

House prices will fall by up to a tenth this year, according to one of Britain's most powerful fund managers. Neil Woodford, of Invesco, said they are simply too high and the average home will drop £18,500 by New Year's Eve, or £50 a day. The fall may be much worse in some parts of the country, warned the 47-year-old investment guru, with the biggest losers the owners of new-build flats aimed at buy-to-let investors which he fears are "almost unsellable."

Posted by dangerous trading @ 01:11 AM (808 views)
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4 thoughts on “House prices will fall by up to a tenth this year, according to one of Britain’s most powerful fund managers.

  • tyrellcorporation says:

    Well done guys, this translates into an £18,500 pay rise for us all or about £28,000 before tax! Yippee!

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  • The doom and gloom mail will induce more fear and panic – WELL DONE !

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  • little professor says:

    Huh?

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  • Wow!

    And that’s the ultimate in cheerleading saying this!!

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