The slide in house prices will continue for at least three years and crush the value of a home by almost 50% in real terms, according to a key index of property price futures. Indications from futures trading on long term property prices shows that the average UK home will recover its current value only in 2017.
“This government says this housing depression will be different from the early 1990s. Yes, that’s right. It will be worse.”
» Traders predict house prices will fall by 50% in four years – The Guardian, 9th June 2008.