Remember the "experts" here.
"Britain is not like the USA, prices won't fall".
"There's a shortage or property in the UK and immigrants want to places to live".
"It will be a soft landing."
"It will be far worse elsewhere, prices here only ever go up".
http://www.guardian.co.uk/money/2009...-housingmarket
House prices are now falling in almost every leading economy around the world as a result of the global financial crisis, with the UK experiencing some of the steepest declines, according to two significant reports published yesterday.
Of the 42 economies surveyed, 34 saw falls in the value of domestic property during the last three months of 2008, according to the upmarket estate agency Knight Frank. By comparison in the same period of 2007 house prices were falling in just a quarter of the world's biggest countries. Knight Frank said yesterday that it was now clear no market would escape unscathed from the financial crisis.
A separate study by the Royal Institution of Chartered Surveyors (RICS), also released yesterday, revealed by how much Europe's housing market fell last year.
The UK recorded the second-steepest annual price decline - after Latvia - out of the 42 countries Knight Frank examined.
"Britain is not like the USA, prices won't fall".
"There's a shortage or property in the UK and immigrants want to places to live".
"It will be a soft landing."
"It will be far worse elsewhere, prices here only ever go up".
http://www.guardian.co.uk/money/2009...-housingmarket
House prices are now falling in almost every leading economy around the world as a result of the global financial crisis, with the UK experiencing some of the steepest declines, according to two significant reports published yesterday.
Of the 42 economies surveyed, 34 saw falls in the value of domestic property during the last three months of 2008, according to the upmarket estate agency Knight Frank. By comparison in the same period of 2007 house prices were falling in just a quarter of the world's biggest countries. Knight Frank said yesterday that it was now clear no market would escape unscathed from the financial crisis.
A separate study by the Royal Institution of Chartered Surveyors (RICS), also released yesterday, revealed by how much Europe's housing market fell last year.
The UK recorded the second-steepest annual price decline - after Latvia - out of the 42 countries Knight Frank examined.
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