QUOTE(icemanfx @ Dec 25 2014, 05:05 PM)
100% appreciation is only valid if you bought before 2010.
it won't be necessary for economic recession to cause property price drop. tightening liquidity and interest rate increased is enough to cause over inflated price to drop.
during recession, banks will still give out loan but more selective. if one has a regular income, good credit rating, not at risk to default, will still able to obtain housing loan.
Cooling measure including tightening of loan application and approval had been implemented. It proved that price not drop. Latest predict from bankers is interest rate not going up but drop. it won't be necessary for economic recession to cause property price drop. tightening liquidity and interest rate increased is enough to cause over inflated price to drop.
during recession, banks will still give out loan but more selective. if one has a regular income, good credit rating, not at risk to default, will still able to obtain housing loan.
Why price drop next year? Not be able to answer as expected.
Dec 25 2014, 05:43 PM

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