India real estate market on the same trend? Things started to change in late 1989, once the Bank of Japan, the Japanese central bank, started to raise interest rates to deflate the bubble. Land prices started to come down and there has been very little recovery till date, more than two decades later. "Since the 1989 peak...land prices have fallen by 60 percent," writes King. Every bull market has a theory behind it. Real estate bull markets whenever and wherever they happen, are typically built around one theory or myth.
Posted on: Sat, 17 Aug 2013 12:38:35 +0000
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