Saturday, March 29, 2008
Sentiment is on the move
By Fergal Barry-Murphy. Published On 29 March 2008 Falling house prices become a reality For British homeowners, the key question is no longer whether house prices will fall, but how much they will fall by. Some would argue that we should brace ourselves for a housing crash, while others expect a more subtle adjustment. What is sure is that house prices are falling. There are a number of contributing factors and in this case it is difficult to find a scapegoat for this worrying trend. For the most part, outside factors such as the global credit crunch are to blame. What is more, the rate of growth that we saw through the 1990s and the first half of this decade was unsustainable and had to come to an end at some point.