It is time to believe it. The fundamentals for residential property look good, but affordability is an issue that investors in residential property company shares need to keep a close eye on. Unfortunately the valuations of other assets look rich too.
We are more than a decade on since the last downturn in residential property. Vested interests in the industry back then continued to talk bullishly (should that be spelt “bullshitly”?) about the strong fundamentals...
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