Too many moving parts in uncertain housing market

Comment: Property is fashionable again for all the wrong reasons, and there seems to be no way to stem the tide.

Sometimes we forget that housing defies comprehension. There is a temptation to believe we can ‘know’ what the future of it holds, but this is not possible, it is affected by too many things to be easily understood.

Some people will invariably be correct in their predictions, but nobody is always right, and that means operating in an environment where, at the best of times, there is an information void.

There are too ...