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

Posted: May 2, 2008 in Your Shelter
Tags: , , , ,

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. “

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