House prices to fall 80%

[expat]

Isn't LAND to build new houses what the UK is short of, compared to most other countries? Don't know if that has a knock-on effect on pushing up house prices, I suppose if ALL available land was built on then it would do.

The UK is not at all short of land to build new houses on. It is rather short of land that you are allowed to build houses on.

[d000hg]

The UK is not at all short of land to build new houses on. It is rather short of land that you are allowed to build houses on.

Well yes I thought that was implied.

[BrilloPad]

I still think the UK will fall by 50% from Aug 2007 to Aug 2010.

[xux42]

surely the huge housing shortage that the UK has been facing for almost 10 years now will keep prices up and even rising??

Errm... You really need to have a look at the forums on www.housepricecrash.co.uk

Mind you, given your comment I recommend that you pour yourself a stiff drink and make sure you are sitting down first. We are facing a financial crisis of vast proportions - house prices are a sideshow, well for the time being anyway. Employment and food and energy prices are will be bigger issues for most people in 2009.

[TykeMerc]

I still think the UK will fall by 50% from Aug 2007 to Aug 2010.

I think you're probably right and I'm not unhappy about it despite being a homeowner myself with a small mortgage. A sizable correction has been needed and on the cards for years it's only been the wild availability of massive mortgages that's fueled the gigantic prices (no news to anyone here).

[TimberWolf]

So by the time it is over will we have had the biggest boom and bust ever?

[MPwannadecentincome]

The UK is not at all short of land to build new houses on. It is rather short of land that you are allowed to build houses on.

That depends on how long it takes to build and how many immigrants come in. Don't forget the thousands of immigrant builders who need to come in to do the building 'cos there aint enough here! Also with the ageing population people are living longer so families have to wait longer to buy a half decent house as there are not enough people moving out of half decent houses.