Sunday, October 19, 2008
japanese house price crash lasted 15 years and fell 70% and more!
reference to the size and length of the japan house price crash because its similar to this one. In Japan the high was 1989 like our own here in the UK only it crashed until well perhaps now and prices fell by around 70% over a 15 year period. I am not sure what is happening to them now with this current crash. there were beginning to bottom out in 2006 but that process may now have stopped. A warning to all those overly optimistic who keep on saying UK house prices will recover a year or so