October 3, 2007
Could house prices fall by 50%?
Well if are to believe in a study by the non profit agency the Debt Advice Bureau, then we could well be seeing this sort of fall, sooner rather than later.
This gloomy prediction follows the house growth and GDP, when they have reached certain levels, historically there has then been a down turn in the housing market which makes the prices of house fall in order to readjust to the normal levels.
In the past this has happened like in the early 1970’s when there were similar circumstances as there is today, however circumstances have changed a lot since then and maybe a fall of such great magnitude may not occur, but the signs are there that a fall in property prices is eminent.
Source [City Wire]
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