Will house prices fall by 50%?

This is a popular view that is often headlined by the media about the property market. Interestingly, when you look into the people and companies that give this prediction it’s worth bearing in mind that they are often financial speculators who invest in stocks and shares and other financial vehicles, or they are economists who see the property market very differently to the average buyer and seller.

So be warned when reading these reports, there is much bias around predictions that property prices will fall as there is from the property industry that prices will rise!

So what are the facts behind this prediction that property prices will fall by 50% and what are the chances that it WILL actually happen?