Essentially a road map of what we are likely to witness as a nation over the coming months this handy chart is an excellent guide to market psychology from boom to bust. I think the market in general is somewhere between Euphoria and Anxiety, however some of the better informed market participants are probably firmly in the Denial stage. My guess is that the Denial stage in the broader market will arrive sometime in the Spring selling season.
4 comments:
Mad to think we're coming out of the boom period, what with all these new property sites launching. The lastest one I've come across is Funda
I think all asset bubbles display a euphoric peak where optimism seems unquenchable, and business decisions are made based on the continuation of the unsustainable.):
Currently the consensus of opinion is that a multi-billion Euro housing market has ground to a halt, simply because of a throw-away comment on stamp duty by a minority politician that wealds no real budgetary power - it's nothing to do with interest rates, affordability contraints or oversupply.
Sounds like denial to me.
Great site I'll definately be visiting regularly.
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