What do you guys/gals think of the property outlook for the next 2 years?

There have been talks for the last 2 months of the central bank raising interest rate. So far, it has chosen not to move the rate. What would happen if the rate is increased next year? Will property value drop because it has become more expensive (due to higher interest charges) to own a property?

Inflation, the rise in commodities and energy prices have caused building materials to increase in prices. These costs are then passed on to buyers. It costs more and more to build the same property as the years go by. Then, property prices will increase even though interest rate increase?

What is your feel of the property market in the near future? Will it be like what is happening now in US whereby house values have dropped by more than 20%? This has also started in the UK. When will Asia follow suit, in particular Malaysia?

ah this can of worms has been opened again.

what you are going to get here is many different views and opinions, and most probably the person who can articulate his/her opinion best will be the most convincing.

There are some existing threads on this. The longest one to date (I think) is this one -

http://forum.lowyat.net/topic/741185

We should consolidate the discussions there.

close this topic, then....