Reply To: Market gone into intensive care?

#70841

Anonymous
Participant

@glassman wrote:

Now either these properties must offer exceptional quality and extremely low prices or developers/banks and many forecasters must have it very wrong somewhere.

I know this has been mentioned before, but there is a time lag of several years from developers buying land and gaining permission to build before the cranes move in. I would guess the developments currently being constructed had the land purchased when demand was strong