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House prices 'to reduce by 25%'
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House prices 'to reduce by 25%'
The chief executive of the Nationwide Building Society has told BBC News that he thinks house prices could fall as much as 25% from their peak.
This prediction implies that 2.5 million homeowners could be pushed into negative equity.
read story here - http://news.bbc.co.uk/1/hi/business/7604894.stm
This prediction implies that 2.5 million homeowners could be pushed into negative equity.
read story here - http://news.bbc.co.uk/1/hi/business/7604894.stm
Re: House prices 'to reduce by 25%'
that will be good news for many.
raven- Posts : 281
Join date : 2008-08-14
Age : 53
Location : lincoln
Re: House prices 'to reduce by 25%'
its 25% in the right direction!
sodabubble- Posts : 130
Join date : 2008-08-14
Re: House prices 'to reduce by 25%'
may help the recession
raven- Posts : 281
Join date : 2008-08-14
Age : 53
Location : lincoln
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