Wednesday, April 08, 2009
Stelios calls the bottom of the property market
So, the founder of easyjet is "calling" the bottom of the property market (both residential and commercial) http://www.telegraph.co.uk/finance/personalfinance/investing/5119055/House-prices-Is-it-time-to-go-back-into-property.html
He's a brave man doing this on the day that the NIESR say that recovery won't come until 2012 and that RBS announce a further 9,000 job cuts.
I think he's stark raving bonkers and that prices still have a way to fall but, lets face it, nobody really knows when the property/stock markets have bottomed out....if we did we'd be sitting on a boat in the caribbean or buying ourselves an executive jet so that we never have to travel by Easyjet or Ryanair again.