Where is the bottom
Nationwide publish an Excel spreadsheet of historic house prices
Likewise we can find various inflation calculators
We look at the low point of the last housing crash we find Q1 of 1993 as the low point, at £50 128
Pumping that number into an inflation calculator, which only gives us up to 2007, hmm but its somewhere between £71,213.17 and £107,289.06
The last price on the Nationwide list is £156 828 so another 30 to 50% to come off yet
We would assume average earnings would effect house prices the most, in which case its about £87 500 for the average house, 45% to remove
