House prices in most parts of the world remain overvalued compaired to their historic norms. I recently talked about the opportunities in America. The US market has fallen up to 50% in the last 3 years, which is unprecedented in the post war era.
Whilst it is plainly the case that property was overvalued by 2007 it is now at historic lows. With interest rates being held at virtually zero in 2013, 30 year fixed rate mortgage rates at sub 4% (historic lows) and with mortgage finance becoming easier to obtain all the factors are in place for a recovery.
I recently read a piece in MoneyWeek and thought you might enjoy the MoneyWeek map which highlights this point and identifies other undervalued opportunities in the world.
NOTE: This is written in a personal capacity and reflects the view of the author. It does not necessarily reflect the view of LWM Consultants. The post has been checked and approved to ensure that it is both accurate and not misleading. However, this is a blog and the reader should accept that by its very nature many of the points are subjective and opinions of the author. This is not a recommendation to buy any product or service including any share or fund mentioned. Individuals wishing to buy any product or service as a result of this blog must seek advice or carry out their own research before making any decision, the author will not be held liable for decisions made as a result of this blog (particularly where no advice has been sought). Investors should also note that past performance is not a guide to future performance and investments can fall as well as rise.