Quote:
Originally Posted by beermeister
Like a lottery this one...
For background, UK house prices have slipped something like 6 to 7% in the last 12 months with May making up 2.5% and June making up 0.9% - so I guess the 10 months before that make up the rest 2.5% to 3.5%.
Anyone like to give their (realistic) view on when the UK house prices will be back to their October 2007 levels - i.e. when could you easily sell your house for the same price as it was in Oct. '07?
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7-10 years from now ie 2015-2018
2008 -10% to -15%
2009 -10% to -15%
2010 0 -5%
Total from peak 30-40% drop, then a slow recovery.