Edwin Almeida predicts prices to fall to 2004-2005 levels in a lot of Sydney areas. Providing, the government don’t come up with, a left field stimulus package.
He is confident, apartments prices will drop 50-60% and homes by as much as 40%-50% from their 2017 peak, regardless.
Makes my 40% indications look quite benign!
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Property expert Joe Wilkes and I discuss the UK property market and highlight some of the drivers which explain why prices in many markets...