altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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 Posted: Thu Feb 14, 2008 12:58 pm Post subject: UK house price crash or just gradual decline? |
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Demand for property in the UK has fallen and with it a decrease in property prices for the first time in over two years.
Many are saying that house prices to drop by as much as 5% in 2008, some predicting more. But people seem to think that a crash is unlikely due to a shortage of housing and with the UK’s population set to top 70 million people by 2018.
In the medium term, therefore, will property prices just increase once again simply because demand is greater than the current supply, rather than any crash occur?
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