Wednesday, April 15, 2009

There is No Floor on House Prices, Only End of Recession will stop the falling

UK House Prices will Fall for as Long as Unemployment Rises

Almost everyone seems to have developed the belief that a further 10% will be enough for the UK housing market to hit rock bottom. This will mean a 26.5% drop from peak if you go by the current Land-Registry index, and 30 - 35% if you go by some of the other indexes floating around. Several reports have recently either forecast and/or said that this recession will be/is equal to or worse than the great depression of the 1930s.

Posted by problem pete @ 03:46 PM (454 views)
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