Reply To: Why are prices still not down a lot?

#79998
Anonymous
Participant

@katy wrote:

There could be a feeling around that just no-one is interested in buying so even a substantial reduction would not get a sale. That is what happened in the early 90’s. Any serious buyer would go in with at least a 15% lower offer these times.

What happened in the early 90s in the UK? How long did the crisis last? What was the max drawdown: 20/30/40%?