I read an interesting article about property next year. According to the author we will see property prices still under pressure early next year but should see improvement half way through 2009, that’s great!!!
So what should we expect? I like to believe in the positive. yes the world is in recession, yes everything seems more expensive, nut this gives me hope. Throughout history we have seen that everything has a cycle. We are heading towards the bottom of the down cycle, and they tend to last allot shorter than an up cycle. As soon as it turns we will see awesome returns on our property investments again, so don’t fear.
I still believe that real estate is the best investment vehicle of all, I might be wrong, but it has worked for me so far. Yes I have experienced bad times, and good. I have learned things I never thought possible, and I foresee that next year is going to be a big year for me and my family.
Some people might say I am crazy but people thought Henry Ford, Alexander Graham Bell and Edison, to name but a few, were crazy, but look at them now… They ALL had one thing in common, never give up and always keep trying.
So 2009 here I come!!!
I have found your article on Property outlook for 2009 very interesting. I’m looking forward to read more from you in the future.
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This is also aimed at building awareness to those in South Africa especially with our current escalation in property prices“.
Ps: Keep up the good work. !!!!
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