Know The Affordability Challanges For The First Home buyers, page-11

Negative population growth, end up with more houses than people, we have the opposite problem...atm

https://www.independent.co.uk/travel/europe/italy/italy-one-euro-homes-buy-house-b2470838.html

You can justify almost anything, current house prices for example, or stock markets in blow off tops or blow off bottoms, bitcoin bubble, tech bubble etc etc...markets remain irrational longer than you can remain liquid...its a shame we have to compare property to other speculative assets though