Jul 12
The UK property crash secret – or is it?
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The data used to create the graph is publicly and freely available from the Nationwide Building Society. It’s a graph that is very valuable to timing. Let us see how we can use this to our advantage.
The Last Crash: 1989 – 1996
It took 7 years for the crash to bottom out from point A to B , wiping out 30% of the price of an average home in the uk. You should never buy on a downward slope as you simply don’t know when you are going to hit the bottom.
Now
Point (D) is the current point, the continuing black line is there for illustration as to what may happen next, based on the last crash.
Buy – The best time to buy in 1989 – 1996 was B and now we are at D and we got there faster than before. Time to buy!
