21.10.2008 - Halfway through housing recession, says Knight Frank
From Estateagenttoday.co.uk: Knight Frank says we are now half way through the property crash and predicts sales volumes to hit their lowest point later this year. Forecasting the market for next year, it expects prices to fall 30% from their peak, taking values back to September 2003 levels. It believes prices will continue to fall until late 2009 or early 2010. It also believes sales volumes will pick up, but will only reach 60% of their long-term average by the second half of 2009..... Full Article: Source
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