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Apparently I hear that the government could come out and rescue the situation the UK economy finds itself in, but I say how on earth will they do that, simply by digging themselves a deeper hole by increasing the supply of mortgage lending? Looking at the basic figures that effect the way the housing market prices become effected are all negative to include rising unemployment, high inflation, falling house prices, less borrowing oppurtunity, weakening sterling…..

If the government let things take their course, which is how the financial world turns, then a drop in house prices will be severe and why shouldn’t it be when the increase in prices over the past decade has been just as severe.

How long till we see the full extent of this property price crash, 2 years….. 8 years on some forums I have read, 5% drop in prices or upto 50%? Either way, it will be a good time to buy for the next few years as homes become more and more within peoples financial reach.