Up to 50% fall in UK house prices over 4 years

[brickie001]

Hmmmmm 50% no chance unless every major builder goes bust the queen flushes england down the pan and i get the popes job.

try like 10-20 % max over 2 years then another 2 years to play catch up.

As for the oz market wont comment dont know enough

As for the yanks why compare them to us they started all this

Hmm was it the yanks or the greedy english banks

[zambezi15]

its too bright

[windsor]

Originally Posted by earlswood

Mate if you think it is bad in the UK.


Australia

...THE economy is headed for recession next year, with a 50 per cent plunge in share values.

Australia 'on verge of recession' | NEWS.com.au Business

Shouldn't believe all you read in the press apparantly!!

[zambezi15]

WORLDWIDE...worst hit is USA, couldn't believe the gorgeous properties on the market, so reduced they are pratically giving them away...and no offers.

[earlswood]

Originally Posted by surburberella

The Guardian is predicting huge housing market drop over next 4 years.

Traders predict house prices will fall by 50% in four years | Business | The Guardian

Though I know we shouldn't be feeling in any way happy about the demise of the UK economy those going back can feel a little cheerful about getting back on the ladder...

I remember my parents were on the other end of this back in the 1990's when they saw their property tumble 40% so anything I can claw back next year will be a bonus. What goes around comes around.

Great news for people returning in the next couple of years though.

[earlswood]

Originally Posted by scottee

we tend to forget its just the uk that suffers from housing crisis.what is the outlook for australia in the near future.i know in my area in scotland just now the work is starting to dry up on the construction side some companies have only sold a handful of new houses,harder to get a loan and a lot of doubt about the work climate.i persume its the same in australia.

Oz is going down as well...THE economy is headed for recession next year, with a 50 per cent plunge in share values and a double-digit drop in house prices.



Australia faces recession: analyst | The Australian

[J.and.K]

Originally Posted by earlswood

Oz is going down as well...THE economy is headed for recession next year, with a 50 per cent plunge in share values and a double-digit drop in house prices.



Australia faces recession: analyst | The Australian

I agree, it's a global problem!
Wait a minute let me pinch myself!

[jchrisj]

Dont worry about the press, they are so crap, i watched a film we recoreded last week, forgot it was recorded then watched the news that followed, didnt realise it was a week old. Mind you the weather was bang on...................More rain!


DOH!!!!!!!!!!!

Going for a lie down now, kick me when reality kick's in

Chris

[zambezi15]

Actually, we dont believe what we hear if its on BBC etc..knowing the media is so biased and there is no investigative reporting.. But if you research the facts and figures...I am inclined to agree that we are still only heading into a recession and haven't hit bottom yet. Whoops..sorry they now have replaced depression and recession with new terminology...its called market rectification, may sound better..but same pain and no gain....

[moonraker1961]

Don't know about anyone else but I'm too busy having a good time to worry about doom and gloom.Hey Earlswood,had a great day yesterday at the festival.Had a pint for yah !!!