British House Prices Down By 40%
"British House Prices Down By 40%"
As reported by sky. So ok it's a little but of hysteria here as they seem to have found THE 3 house's in the uk that have fallen by between 40-53% but this is the reality for the coming months/years.
I think these are exceptions, no doubt investors cutting their losses and bailing out with what ever they can find, but if these house/flat's aren't being sold then what are the chances of the market value house's?!
These figures are the true fall of the property market, but the real world figures will take 18-24 months to show this across the whole housing market..
How long before the Government step in to help?? I'd say 6 months..