Buyers can no longer bank on values doubling every decade
Custodian managing director James Fitzgerald tells us why not all properties double in value every 10 years, and gives us an insight into the fundamentals behind those that do.
One of the biggest misconceptions I hear of when it comes to property is when people say: “all property doubles in value every 10 years”.
That’s just not true.
While it is true that the value of some properties will double every 10 years – and in fact some properties go up by more than that - not all properties double in value over that period of time.
Understanding whether properties have doubled in value or not comes down to knowing and unde…