Can you predict how bad the slide in property prices will get this year? 

We are now officially going through the worst housing slide since the Great Depression, economists declared after house price inflation dropped to the lowest level since comparable records began.

Figures from Halifax, the UK’s biggest mortgage lender, showed house prices have fallen by 8.7pc in the year to June, confirming that the property crunch is more severe than the last housing crash in the early 1990s. The Bank of England is now powerless to help the property market because of rising inflation and yesterday voted to leave rates unchanged at 5pc.  According to the Halifax house prices dropped 2pc last month, following a 2.5pc slide in May. This fall rivals the slide in UK home values in the 1930s. But how bad will it get? Cast your predictions now.

Property Crash: How bad will it get in 2008?

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0.0% of the people predicted "House prices will rise in the rest of the year"
70.0% of the people predicted "8.7% - 15% "
20.0% of the people predicted "16% - 20%"
0.0% of the people predicted "21% - 25%"
10.0% of the people predicted "Over 25% lower"

Closing Date: September 9, 2008 | 5 points