Sunday, January 13, 2008
More coverage of our very own HPC man Jonathan
"first-timers willing to resist temptation will be handsomely rewarded, according to Jonathan Davis a chartered financial planner at Armstrong Davis and a contributor to the website Housepricecrash.co.uk. He predicts that prices will tumble by around 35 per cent over the next five years, kicking off with falls of between 5 and 10 per cent during 2008. "My advice to those thinking about getting on the ladder is simple: don't touch property with a barge pole. A £250,000 home now will be worth £150,000 in as little as four years' time."