Are attitudes changing?

In the forth coming years, the Banks have been focusing more and more of their attention to the recent property prices. This is because; the past property busts have had devastating monetary effects, particularly in Sweden and Japan. The recent plummeting property prices are sending our government into a state of panic. However, this could be an excellent opportunity for us to rethink our country’s attitude when it comes to bricks and mortar. Our home should be somewhere we live, not something we hypothesize on. If property prices drop even as little as 20%, the majority of us will still coin it in.

 

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World Property on January 30th 2009 in Uncategorized

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