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But what you are saying would imply that property prices in lower demand areas went down as property prices in higher demand areas went up. That didn't happen.
by doc_holliday 10y ago
But what you are saying would imply that property prices in lower demand areas went down as property prices in higher demand areas went up.
That didn't happen. Instead even lower demand areas everywhere in the UK have gone up in real money terms and relative to local earnings.
No where has fallen significantly, everywhere now your money doesn't go as far as it did. That is what loose money policy does.
Just places like London have had astronomical increases.
- BenoitEssiambre 10y ago>But what you are saying would imply that property prices in lower demand areas went down. No only that they didn't go up as much. As wages and population increases, it is quite normal that house prices generally go up at least a little.
- doc_holliday 10y ago"As wages and population increases" But that is not true for parts of the UK. Wages in general in the UK in real terms have gone nowhere or down, yet pretty much everywhere in real terms property value has gone up.