Hi there houses do depreciate as an investor the goverment give you a depreciation allowance of 2.5% for 40 years to lock up stage and then there is another allowance for everything that is inside to make the building a place to live. Did you see the Sunday program today that prices are going to drop another 10% this coming year, this is just the start of the housing worries as prices will keep on dropping for a long while yet. Just have a look at the USA ten year interest rate and see that it has gone up 0.6% in 8 weeks not very good for our dollar as we will have raise rates to keep the 60 billion dollars inflow a year needed to finance the running of this country. Regards Dennis
