The residential bubble has well and truly burst and any research data on the sector should be treated with a healthy degree of scepticism. In my view, 2008 stats will be bloody. I feel that real values are far lower than transactional evidence suggests as volumes are significantly down. Vendors are quitting the fieldin droves unless forced by circumstances to sell. We shall see……

P.S. In the last upswing I managed to achieve a 45% IRR for my investors, but it’s still a little early to take the plunge in my view.