with money they've borrowed at a low rate of interest.IMHO high property prices are caused by buyers paying!
High property prices are caused by properties having prices which are high.
High property prices are caused mainly by low interest rates. This suits whoever is governing.
That's why I said MAINLY. Mainly does not mean the same as only or solely. That's 'MAINLY' MAINLY MAINLYThat's right, Russian criminals, oops I mean businessmen, buying Properties in Central London only do so because of low interest rates......
High property prices are caused mainly by low interest rates. This suits whoever is governing.
Polish interest rates for the last 10 years:
Polish house prices for the last 10 years:
How do you explain that then?
It shows prices going up as rates fall and vice versa! It backs up my premise.Polish interest rates for the last 10 years:
Polish house prices for the last 10 years:
How do you explain that then?
It shows prices going up as rates fall and vice versa! It backs up my premise.
Yes it does! They're rising albeit slowly in response to the lower interest rates.No it doesn't! Firstly you said there's an inverse relationship between property prices and interest rates, those graphs are at complete odds with your theory, secondly that bottom graph shows % change NOT the value. It means that prices since 2008 have carried on falling EVERY YEAR despite interest rates dropping lower and lower.
Hardly surprising given the completely MENTAL boom between 05 and 08...It means that prices since 2008 have carried on falling EVERY YEAR despite interest rates dropping lower and lower.
High property prices are caused by LOADS of things. Trying to pin it on one single factor is idiotic.
high property prices ARE properties having prices which are high, not caused by them
That's why I said MAINLY. Mainly does not mean the same as only or solely. That's 'MAINLY' MAINLY MAINLY
Yes it does! They're rising albeit slowly in response to the lower interest rates.
High property prices are caused mainly by low interest rates. This suits whoever is governing.