Quote:
Originally Posted by GspotProductions
and house prices are dropping.
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It started with the collapse of share prices in commercial real estate like Barratt and Persimmon.
Then it went to real estate funds, around 9 mulit-billion dollar funds suspended redemptions. Now everything in commercial real-estate is on sale.
Next Commercial collapses and then we see the Residential prices start to fall and its long overdue in the UK.
https://www.theguardian.com/money/20...n-30-says-bank
If the pound hits close to parity at $1.10, that's a 30% devaluation in the pound.
Add to that a 30% drop in real estate prices and you could have property more than halved (at least for foreigners) and that's before:
"Société Générale warns high-end properties could even halve in value as companies move top staff abroad"