A continuing rise in property prices is contingent on an increasing population and property and land shortage.
We like most western nations have a falling birth rate and are more and more relying on migration to bolster our population.
The trouble is there is a falling supply from traditional sources. As regions become more afluent and free expression increases there is less desire to migrate. So Brittain then Europe then SE Asia now China are more content. If the middle East improves we will be down to Africa.
But we will be competing with other nations for migrants and large incentives will be necessary. If of course we have a pandemic, a major war or natural disaster then things will be even more dire.
When this all becomes critical is anyones guess, but it seems inevitable.
I see the day when we have empty property that can never be filled.
