Subprime Woes Spreads To The Uk

Discussion in 'Wall St. News' started by THE-BEAKER, Mar 15, 2007.

  1. UK property implosion is just a matter of time..

    A London property worth 100K back in 1996 is now worth over 400K.

    (If you do the conversion to US dollars, it went from $150K to almost $800K).

    I expect a 30 to 50% crash in prices sometime between 2008 and 2010. But prices could still go up 10% or 20% higher before then as there does seem to be a shortage of properties on the market at the moment..