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There's not a lot different in the mindsets of these markets, British also aspire to own their own home. What is new there is buy to let (IPs), which has only really become popular in the last 10 years. I would say Germany/Switzerland the mindset is different, but not Britain, it's not the 70's...

Scoff if you like, but this is how fast things can change: http://www.guardian.co.uk/business/2008/jun/05/housingmarket.houseprices Only late last year UK market was booming, high immigration, low vacancy rates, sound familiar ?

I don't agree with David Kochs view, the forces against the housing market in Australia are far stronger than those supporting it. Average values of 10 and 12 times earnings are completely unsustainable, I think it's irresponsible of him to claim that 'property is not going to get any more...