House prices to fall 80%

**DimPrawn** · 13 January 2009, 15:47

Thank god Britain is nothing like Ireland eh?

We've got Gordon for a start.

**Spacecadet** · 13 January 2009, 15:49

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

**Cyberman** · 13 January 2009, 15:55

I was reading last week that they have already fallen 40% in Dubai, so we're not doing so bad really are we !! My alleged 10% drop is peanuts in comparison.

**DimPrawn** · 13 January 2009, 16:04

Originally posted by Spacecadet View Post

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

Another myth peddled by house builders, media and Labour politicians.

http://www.moneyweek.com/investments...-shortage.aspx

**Mich the Tester** · 13 January 2009, 16:08

Originally posted by DimPrawn View Post

Another myth peddled by house builders, media and Labour politicians.

http://www.moneyweek.com/investments...-shortage.aspx

If nobody can get a mortgage then house prices will fall to the levels of savings people have in the bank. Which means in NL the average house will cost around 10,000 euros, in Germany about 15000 and in Britain you’ll have to pay people to take your house off you.

**sasguru** · 13 January 2009, 16:12

Originally posted by BlasterBates View Post

in Ireland

Never mind the strong Euro and the Germans will help the Irish, Spanish, Portuguese, Greeks etc.

I also predict that prices WILL NOT fall 80% in the UK.

**Mich the Tester** · 13 January 2009, 16:12

Originally posted by sasguru View Post

I also predict that prices WILL NOT fall 80% in the UK.

Why not?

**d000hg** · 13 January 2009, 16:13

Originally posted by DimPrawn View Post

Another myth peddled by house builders, media and Labour politicians.

http://www.moneyweek.com/investments...-shortage.aspx

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.

**AlfredJPruffock** · 13 January 2009, 16:15

They could well fall not by 80 per cent but by 90 per cent.

For years on this forum Ive been drawing peoples attention to the fact that following the late 80s deflation in Tokyo - property prices collapsed by 90 per cent - and prices never recovered.

But if this scenario comes to pass in the UK - remember if you want to move - property will be correspondingly cheaper.

If you want to get rich you must find the next Bubble Mania.

Tokyo took this price drop and still didnt do badly.

House prices to fall 80%