50% is just more scaremongering...a lot of the instability in the market is precipiated by a false-fear agenda pedalled by the media. There is just far too much demand in the UK for this sort of price plummet to materialise. Remember that we live on a small island with a lot of people on it.
Even if the house prices do plummet, the laws of macro-economics will mean that interest rates will go up and/or earnings down to such an extent that the houses will remain unaffordable for many!
10% is a relalistic figure for most segments in the market....50% will only ever happen in the luxury/discretionary segments.
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