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i'm watching the UK very closely. i've learned my lesson from the US.

this is where the theft of all equity comes into play. there's nothing left to take, govts out of cash, people out of cash. if there's anotrher downturn, it's all over. values will plummet and that equity has to go somewhere.

people still like property in all societies - clearly so form the data. why are they buying? maybe it's not even based on news. maybe they just saw a house they used to like that is now for sale, and cheap, so they buy it? not everyone follows meso, macro and micro data.

one of three options in my opinion a) the wider populace are seeing property as one of the three pillars of hedging. 2) price got stupid low where it stirred the barrel of buyers. d) cashed up folks realising the impact of inflation and deciding to park it somewhere, refer (a).