Saturday, March 28, 2009

Beckett will soon be saying if we are lucky the market might bottom at 50%

Property prices could fall further, according to Housing Minister Margaret Beckett

In the face of the Land Registry figures showing 23% falls since peak, and the Council of Mortgage lenders confirming average loan to income is now 3x's (50% drop from peak), the paper said: But the senior minister warned: "Any politician who said we have hit the bottom of the market would be insane. Everybody is saying things are very difficult."

Posted by sybil13 @ 11:23 AM (950 views)
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4 thoughts on “Beckett will soon be saying if we are lucky the market might bottom at 50%

  • Does anyone get the feeling that the market is now being talked down?

    Oh the manipulation of the simpletons!

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  • Yes crunchy, let’s carry on talking it down for another few years (just like Japan’s housing decline….)

    I hope it drops more than 50%

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  • the land registry say house prices have fallen by 23% , well maybe they should tell the estate agents this in dudley , west midlands , house prices have fallen between 0% and if lucky 10% , just a load of bulls**t. unless you have a derelict two bedroom terraced house that compleyely needs gutting

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