Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › 50% price falls in UK are actually possible… › Reply To: 50% price falls in UK are actually possible…
I actually saw an interesting stat that said notts town centre prices had fell circa 2% YOY.
Nottinghamshire (the county) prices had rose 3% YOY.
Of course this is the much quoted new build flat problem in Notts and certain other cities. Certain types of property (the BTL fodder) could be impacted significantly with overbuild/low yield.
There could/is likely to be a degree of fall out in the UK house market in general, largely dependent upon the credit crunch and the follow on unemployment implications of a (possible) down turn in the economy.
The effect of this no one knows. Nominal falls/real falls once the effect of inflation, impact of falling interest rates (once credit crunch eases), tightness in supply of certain properties etc etc.