Same thing happened in the u.s, there was a housing boom up until 2008 and then it crashed and housing production hasn’t been the same since.
This is the problem with housing as a speculative asset, the boom and bust cycles do a horrible job of matching demand and then prices increase because it takes too long to ramp up production and change laws to make more arrangements available .
Same thing happened in the u.s, there was a housing boom up until 2008 and then it crashed and housing production hasn’t been the same since.
This is the problem with housing as a speculative asset, the boom and bust cycles do a horrible job of matching demand and then prices increase because it takes too long to ramp up production and change laws to make more arrangements available .