Is there a property crash every 18 years? Fred Harrison thinks so. In his book: Boom Bust, House Prices, Banking and the Depression of 2010, Harrison describes a cycle of 18 years. If he is right, we are headed towards a Depression by 2010, and it will be many years before those who bought at the peak will be back to even.
After the Introduction, I look at price developments in the UK Property market since the 1994 Low. After a strong 14 year upswing, the market peaked in August 2007, and is now headed into a severe downturn. How long will it last, the Video provides a possible answer.
