By Mr. Propwise
Okay so you’ve read various outlooks for the property market in 2014 and beyond, you’ve heard everyone’s arguments about why the property market should go up (yes someone actually predicted that), down or sideways. But what you really want to know is – how much will property prices fall (if at all) in 2014?
The danger of expert forecasts
Long-time readers of Propwise.sg will know that I don’t believe in making forecasts. Instead, I believe we should keep track of where we are in the Property Market Cycle and prepare ourselves for it (HINT: we should be preparing for a bear market ahead).
Others have written about the folly of following expert forecasts, but suffice to say that nobody knows what will happen in the future. At best, we can only make an educated guess based on our analysis of the data, and that ...