The market’s drop accompanied the bursting of a bubble, house prices this time….House prices will recover and some other bubble will eventually develop but loan demand now is quite subdued….

House prices are reported to be stabilising, though this could have the effect of setting us up for another bubble within a decade….

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It has been a dismal year for house prices, according to the Global Property Guide’s latest survey of publicly-available house-price time-series for the year 2008. And seen from a global perspective, the downturn is still [...]