subscribe: Posts | Comments

Is the property market crash over?

In our opinion, no. You’ve no doubt read stories about prices rising over the past few months, so you might be forgiven for assuming this means the worst of the housing market downturn is over and we’re getting back to business as usual. We don’t think that’s true. The most important thing to understand about this situation is that the behaviour of the property market over the past decade was anything but ‘business as usual’ – so it’s foolish to expect a return to the days of sustained 10% or even 5% annual house price rises. It’s insane that anybody even thinks that’s a desirable situation. If the average cost of a home increases at a rate that...

posted on: Aug 16, 2009 | author: Lance