Don't despair there's hope, the gloom lifts

[sunnysan]

Hmm

Im sorry but thats rubbish. There is no way that are econmy will fall that far behind, London is still THE financial centre of the world and will remain so for the next 20 years minimum.

And heres me thinking South Africans have no sense of humour

[DimPrawn]

"Historically, investors in Japan have swung between excessive bullishness and irrational gloom"

You are lucky that there is no such thing in UK. Economists have a rational pragmatic point of view, no doom and gloom.

Boomed!

Doomed!

[Francko]

"Historically, investors in Japan have swung between excessive bullishness and irrational gloom"

You are lucky that there is no such thing in UK. Economists have a rational pragmatic point of view, no doom and gloom.

[HRH]

Yes but £1M will be about 50,000 Yuan and our children will be pulling pints in Shanghai and Beijing to make ends meet while we will be out on Trafalgar square selling postcards to Chinese and Russian tourists

Im sorry but thats rubbish. There is no way that are econmy will fall that far behind, London is still THE financial centre of the world and will remain so for the next 20 years minimum.

[sunnysan]

It'll be £1M+ for a 10 x 6 broom cupboard.

Just you wait & see.

Yes but £1M will be about 50,000 Yuan and our children will be pulling pints in Shanghai and Beijing to make ends meet while we will be out on Trafalgar square selling postcards to Chinese and Russian tourists

[Andy2]

I don't buy into the "Japan is cheap, buy, buy, buy".

It's cheap cos it's a dead end economy, just like Britain.

Japan is sitting on a demographic timebomb. Full of oldies and low birth rate. I read somewhere that with the current birth rate there will be only one Jap left in the next 700 years

[Spacecadet]

Look at Manchester new build flats RRH, they have fallen 20-30% in the last year

As has been said, thats only city center flats and the same thing can be seen in some other cities.
The price of the flats was pushed way above what it should be by people buying offplan at stupid prices expecting to be able to sell for even more.

[HRH]

Look at Manchester new build flats RRH, they have fallen 20-30% in the last year

Yes, but I think thats more due to over supply, if you look at the wealthier suburbs of manchester its still pretty boyant...

[Marina]

Gloom lifting

For Pete's sake, not more good news. I'll despair if the gloom does lift (in the UK anyway) before the next election!

I wish these optimists would keep their opinions to themselves and stop trying to cheer everyone up and prevent a depression - It's just what we need to turf out Labour!

[MOH]

so you don't think we're heading for a slump?

Look at Manchester new build flats RRH, they have fallen 20-30% in the last year

[HRH]

Not in the UK. It's different this time.

Infact, property right now is amazingly cheap, and in a couple of years you will look in awe at old estate agent ads for a bedsit in London at under £500K.

so you don't think we're heading for a slump?

[DimPrawn]

Not in the UK. It's different this time.

Infact, property right now is amazingly cheap, and in a couple of years you will look in awe at old estate agent ads for a bedsit in London at under £500K.

[HRH]

Does anyone think the property market will crash badly like it did in the 80's/90's?

[DimPrawn]

I don't buy into the "Japan is cheap, buy, buy, buy".

It's cheap cos it's a dead end economy, just like Britain.

[BlasterBates]

Gloom lifting