Property price/value (Petrol hike), How petrol hike can affect price/value?
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 Jun 6 2008, 01:40 PM
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17,875 posts Joined: Jan 2005   
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QUOTE(se7en @ Jun 6 2008, 12:09 PM) property prices will drop over the long run as cost of living increases and the demand for property drops. I do have the same feeling that property price will drop. If everything increase and people become poorer and the demand to buy house or car will drop. So, the property price should drop as well.   |
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Jun 6 2008, 01:43 PM
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QUOTE(tinkerbel @ Jun 6 2008, 01:41 PM) @kb2005, Ya, agree. New project price will go up but the demand will be lower. As for sub-sale, the price will probably drop.Sub sale property prices might drop but in the long run, I doubt it'll drop by a lot because raw materials have increased  [then again, it depends on how much profit these developers want to make] |
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