Capital Economics, the independent economic forecasting agency, is predicting that by next autumn, UK house prices will have fallen 35% from their peak, in summer 2007.The collapse will take £65,000 off the average price of a home, which could be worth £120,000 this time next year, down from £186,000 in the market boom.A fall on [...]

More: House prices to bottom out 35% below peak

hmmmmmm, still some way to go yet then.

Fingers crossed aye, i'm waiting for the semi across the road to drop from £200,000 to £150,000 - then i'm in

People thinking like me will keep us in the credit crunch and prices will continue to go down unless people start buying!

Potentially - wouldn't that be nice!?

Definately not good for people who are wanting to retire in the next few years and relying on their equity to pay off their house.