Fall of 30%
I think the market will level out next year. Some areas will go up, some will continue to go down. I saw an estate agent last week who said a family near me was desperate to move and had dropped their price from £235,000 to £215,000 and they were still receiving little interest. My friend sold a house for £235,000 in the same street 18 months earlier.
In the most pessimistic scenario, I think an average fall of 30% over the next 3 years is very much possible.
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