UK Real Estate Teeters on the Brink — Could Be the Biggest Drop Yet

House prices fall as bank predicts credit crunch will hit UK hardest
” House prices have recorded the first annual decline since 1996 as a leading investment bank gave warning that the economy would be the worst hit by the global credit crisis. … David Blanchflower, a member of the Bank of England’s Monetary Policy Committee (MPC), said earlier this week that a 30 per cent fall in house prices by 2010 was not implausible. “