Property Price Boom, page-2

I don't think prices will decline much, I was just reading and article today that stated the average decline in the late 80s was around 3%. The ones who really got hurt were builders etc, who borrow money to build new properties which could not be finished and sold in time to repay debts. This had a detrimental affect on the industry as a whole. I do belief some sectors such as apartments will see greater drops due to oversupply. properties at the top-end of town usually decline alot more too.

Interest rates look like staying then, this will not induce the need to sell as it might have if they were rising.

Contrary to what many have said in the past here, I jusst haven't seen the AVERAGE house prices drop over any given period, which makes sense in an inflationary, population-increasing environment.

Cheers