Sir Win Bischoff, Chairman of Citigroup, expects house prices to fall for the next two years before they begin to stabilise. He believes the impact of the credit crunch and turbulence in the financial markets will continue throughout 2009. And as Sir Bischoff is the head of one of the biggest banks in the world, he is someone we should listen to.

This opinion is the latest in a long line of doom and gloom announcements and does not support some commentators opinions that the worst of the credit crunch is over. Whilst trying to find positives is difficult, there are undoubtedly opportunities to make gains from both property and equities for those brave enough to invest in these markets. Of course the investments need to be well researched rather than just throwing money at something in the belief that everything will go up some time soon.

Tags: citigroup, credit crunch

This entry was posted on Saturday, July 19th, 2008 at 10:12 am and is filed under Economy, Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.