Britain's House Price Fall now 27%

The builders Barrett in announcing six month losses approaching six hundred million pounds stated the following:

Since the peak of the housing market in June 2007, Barratt added that average prices had fallen about 27 per cent.

My proposed solutions last Autumn, here and here, were predicated on the real problems beginning to arise when falls passed the twenty per cent mark so we can soon expect the kind of mass walkaways or returning of keys that will indicate we have reached the point of no return as far as prospects for any short term recovery are concerned.