Wednesday, Dec 10, 2008
Back to 2000
Property Week: UK’s direct property investment down 55% on 2007
I thought it might be nice to post a news article about property prices. Apparently they went down.
Posted by stillthinking @ 12:55 PM (287 views) Add Comment
2 Comments
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1. mark wadsworth said...
Doesn't really compute, obvious ramping aside, if prices are down by half and cash turnover is down by half, doesn't that mean that volume is the same? Surely volume is down as well?
2. bellwether said...
I'm surprised that transaction levels are even equal to 2000.
Setting entire collapse of financial system aside, commercial property is going to suffer a long and painful decline. Volumes will not recover to anything like peak for a generation because peak was built on (a) flipping the same assets numerous times , something that only works in a rapidly rising market and (b) development and more specifically gross over development that only worked on paper and was premised on an almost expotential increase in retail and office tenants.