TPP541: The silent property crash
The Property Podcast
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The Effect of Inflation on Property Prices
Property prices peaked in the third quarter of 2007 and then fell for five years without adjusting for inflation. The total drop was 12% before adjusting for inflation and 26% after adjusting for inflation - that's a big drop. But remember, you'd expect a big drop there because this was largely a property driven event. This time around, we're all peed off, right? Because things are going up in price and no one likes that but I don't see people panicking. Yes, businesses don't like inflation and it can be them nervous, but this, this owners are generally calm. Job losses are at a minimal. In fact, employment levels are still resilient even with what's
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