Wednesday, March 19, 2008
House prices predicted to be 20% lower by the end of 2009
House prices to fall 20%, economist warns
House prices could fall by up to 20% over the next two years, a senior economist warned yesterday. The prediction from Professor David Miles, chief UK economist at Morgan Stanley, will dismay millions of homeowner (and delight many others).
Posted by steve g @ 10:21 AM (495 views)
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plato says:
Definition of Optimism : “House prices could fall by up to 20% over the next two years, a senior economist warned yesterday.”
Probably included properties like Buckingham Palace in the calculation.