I must say that we should never under estimate the great British public’s insatiable appetite for residential property which has continued unabated, certainly since the 80s, and was assisted by Margaret Thatcher’s reforms of council houses thereby releasing many of these into private ownership.
This is in sharp contrast to France or Germany where, instinctively, the Public choose to rent their homes releasing more money for consumer spending, and so, there is no real interest in the appreciation or investment value of private property. Continue reading