Wednesday, Jan 16, 2008
largest monthly fall since records began in 1986
The Telegraph: Property returns plunge to IPD all-time low
"Property values, meanwhile, crashed 10pc in 2007, a fall not seen since the recessions of the early 1990s and before that the mid-1970s."
There is the 18-year HP cycle again.
Posted by sold 2 rent 1 @ 09:09 AM (210 views) Add Comment
1 Comment
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1. Rickyb said...
Many people believe that the 18 year housing price cycle is a recent discovery, but in fact it was the 17th century astronomer Edmund Halley who first commented on the link between the Saros cycle (period 18 years 11 days) and the price of land.