Saturday, August 7, 2010
2 Telegraph journalists make poor stab at explaining the property market. Lots of VI quotes.
Britain has long been in love with property. Whether it is that exciting step on the property ladder as a first-time buyer being handed keys to a ground-floor maisonette or the topping-out ceremony on a soaring glass and steel tower that reflects a magnate's corporate ego, property has always been vital to the British psyche â€“ not to mention our economy. The figures can sound impressive over the long term. Including inflation, commercial property has grown by more than 4pc a year over the past 50 years, while residential property has gained 117pc in the past decade, even with the recent economic downturn.