Monday, Nov 06, 2006

property market still may have some growth

FT: Social forces change the very fabric of house market

Residential property has seen phenomenal growth over the past decade, largely due to a low interest rate environment, which enables homebuyers to borrow more, low unemployment and robust earnings growth.

But bubbling below the financial credentials of a buoyant economy are a wealth of social and demographic factors which are also providing significant support for house prices. And these social factors look likely to underpin a robust property market for years to come, according to experts.

Posted by sam @ 12:05 PM (365 views)
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2 Comments

1. harold said...

New paradigm nonsense, forgetting that the fundamentals are poor and looking worse.

Monday, November 6, 2006 04:54PM Report Comment
 

2. Nohpc said...

It kind of makes sense. I don't like it when people make firm predictions about a completely unpredicatable subject. One of the main things preventing a drop in prices is that sellers will not drop their prices unless they absolutely have to. This is why prices did not drop in 2005. Many fewer properties were sold during this time but there was no drop in prices.

Tuesday, November 7, 2006 08:12AM Report Comment
 

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