Property prices do fall but history shows what happens next
Property downturns are inevitable, but 56 years of historical data shows that past corrections have been relatively short-lived.
All previous property market downturns have proven to be temporary aberrations. (Image source: Rawpixel.com/Shutterstock.com)
This time it’s going to be different. How many times have you heard this lately? I’ve heard this many times over the past 20 years and, put simply, it’s never been true.
History might not repeat, but it does tend to rhyme.
Historically, this tells us that property markets do fall periodically. But historically, significant declines have been relatively rare, usually short-lived, and ultimately been followed by periods of sustained growth.
Why?…
