Bottom of the Market?

  • Bull is convinced that we have reached the bottom of the property market cycle, and it is time to buy.

  • Bear is more cautious. He is particularly concerned that adverse news, both on the domestic and global fronts, may cause 10-year gilts to remain at, or above 4% for the remainder of the decade.

  • Without a suitable risk premium between bond and property yields, Bear suggests that a sustainable recovery is in jeopardy.

  • Notwithstanding their differences, and after undertaking a SWOT analysis of the market, they reach a happy conclusion on what to buy and what to avoid.

  • Enjoy your Sunday.

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