20 reasons to cheer falling house prices
Agree with Spinnaker. The government pretty much hammered the final nail in the housing market coffin today. B&B was/is the largest buy to let lender and with the demise of Parragon as well, many property investors are going to be scr*wed. Now being state owned the government doesn't want anything to do with the buy to let market.
It'll be 18-24 months before we reach rock bottom and i agree with 30% lower than this summer. however, in many areas I reckon it could be upto 50%.. While it may be a good time to be a 1st time buyer, it certainly isn't if you are a property investor..
How long before we see the government offering bailout packages to the housing market???!!!