The housing market is close to reaching the final stage of the current boom cycle, but it’s likely to get much hotter yet before it finally cools, according to Kieran Trass at Hybrid Consulting.
Wednesday, July 9th 2003, 3:45AM
by The Landlord
"We’re well and truly into the heat of the boom. We’re in that mid-phase of the boom and we’re about to enter the phase which is the final chapter," Trass says.
That’s when the market will inevitably over-heat.
Some might think, looking at how some properties are selling within days of coming on the market, that we might have already reached that point. Trass suggests that’s not even close to what was happening during the peak of the mid-1990s boom.
