The US went first, so I figure you've got some good advice.
Funny thing is that people in England BLAME the people in the US for THEIR housing crash. Their media reports it as the "subprime crisis", which spread then to the UK and stopped the part right when it was getting good.
Yes, the US went first. But the US didn't cause the UK housing crash. It would have happened on its own. It's called gravity.
So have at it HP'ers. You're the experts now on housing crashes. Let our mates in England, Wales and Northern Ireland know what's coming. Let 'em know who to believe. And let 'em know that a "projected 6% drop" this year is laughably wrong.
UK housing market has dropped 'alarmingly' in recent weeks
The UK housing market has dropped 'alarmingly' in recent weeks and prices are set to fall by 6 percent in 2008, Citigroup said in a note on Frida.