A Fool and His Money

In October there was 30% chance of house prices falling on an annual basis. This percentage then increased to 65% in January and now a recent survey suggests that theres 75% chance that the house prices will continue to fall.

House prices could start to fall by £600 a month or by 4% at the end of the year.

Due to the credit crisis causing chaos amongst banks and financial institutions credit criteria is also being tightened, more vigorous checks are being carried out and some banks are beginning to withdraw products.

Its is also getting harder sell houses due to the fact that buyers cant get their mortgages.

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