I think that in the short term this has worked, whether it will continue to work over the next five years is, in my opinion, uncertain. I think that in 15 or 20 years time the view will be rock solid.
This will be down to the fact that Britain is a closed- shores market with limited supply, now funding has been axed we are unlikely to see any real supply of new builds. We are an ever growing Island, the immigrants did not all go home and the population is rising at a rapid rate. So all that is happening now involving finance and sentiment is no indication of the future.
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