There’s a lot of talk floating around about a property bubble, as the number of first time buyers rises, the economy seems to be in recovery, consumer confidence is on the up, and some major real estate IPOs and deals grab headlines. But of course the market is doing well, says James Bailey; people never lost faith in property.
I have read a lot recently about how we are supposedly in a new property bubble. I’m not a big fan of that term because everyone knows that bubbles eventually burst. Furthermore, I simply do not think we are in one.
Image by Jenny Downing