Saturday, August 7, 2010

2 Telegraph journalists make poor stab at explaining the property market. Lots of VI quotes.

UK property: 50 years of going in cycles

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 – 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.

Posted by siskin @ 10:37 PM (575 views)
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