Henderson UK Property fund manager Marcus Langlands Pearse dismisses suggestions the property market faces an imminent demise and says prices are now at fair value.
It seems almost impossible at the moment for the press to describe the property market, whether residential or commercial, without featuring the words ‘bubble' or ‘crash'. The most recent weekend papers were peppered with articles discussing how a mini-bubble in the housing market could be about to pop. Figures quoted have suggested declines of nearly 25% over the next three years. This does, however, appear to be somewhat alarmist, and not enough consideration seems to be given to the argument for the market having reached a fair value level with ‘stagnation' a possibility, rather than ...
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