Thursday 4 November 2010

Good time to Buy

AN economist who was the only person in the property industry to label the housing market a bubble said yesterday that now is the right time for new buyers to enter the market.Derek Brawn, whose book on the property market predicted the bursting of the bubble, said first-time buyers should buy now once they find a property at the right price.The optimal time to buy a house was not at the bottom of the market but just before the market hit the bottom, Mr Brawn said. A year before the bottom of the housing market is the ideal time to buy, he said.