What is a property bubble, are we in one? And is it about to burst? Senior Investment Consultant Steve Hogarty takes a look at history to get more insight in to what may happen in the future.
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Blindly accepting that prices will double every 7 to 10 years leads people to make grave mistakes with their investments. Nobody has a crystal ball that tells them the exact dollar value of a property 10 years from now, but that doesn’t mean that smart investors can’t establish reasonable grounds for predicting the direction and strength of market movements in the short to medium term.
