[TPTMC]

What crash?

Prices fell by 0.2% in September - oh my God!!! How will we survive this apocalypse??!!

There's a lot of nonsense being drummed by by the media at the moment in the property market. I read in one broadsheet the other day that we were heading for a crash and over the page they had a story about how house prices were going to reach 11 times salaries in certain areas! So, which is it?

Of course we will see slower growth during 2008 than the last few years - but still GROWTH. Serious property investors are using the uncertainty in the market at the moment to buy bargain properties for long term gain. Don't worry about slower growth in 2008. Anyone who is into property investment for a 12 month period is in the wrong game!

I've just got my first Polish tenants and they are fantastic and there are plenty more immigrants and young professionals perfectly contented to rent. Supply & demand will favour property investors for at least the next 25 years!

Tony.