pug macro economics do have a do have an effect. But property has over the last 18 months defied all economic models which makes it all the more harder to really predict. But property for me its the buyers comfort level that really deceides the price which is an incorporation of macro, micro, fragementation and employment. In a way its just a simplistic combination of all factors without the BS. When we feel safe secure in life, employment we will most likely stretch to buy and if we feel fear less secure we pay less. At the moment with most being a little bouyed by better economic outlook and we may miss the worst of the recession the populations outlook is a lot better than six months ago. Macro or micro in the end we spend more our outlook is better.
