Market is usually right, but I beg to differ. The inflationary process has already increased the costs of new builds and refurbishment costs have skyrocketed. I had an updated quote to reroof from three months ago, up by 40%.
So what does that do to the value of existing property. Has to increase dramatically. Just takes a bit of lag time. It's like the market moves down with future uncertainty and interest rate worries but property goes up with past inflation and cost increases. So it will come and now is the time to buy in.