Positive returns suggest property may enter significant turnaround

As with the rest of the financial markets, it has been a torrid time for property over the last couple of years.

Property showed a peak-to-trough fall of 44% between June 2007 and June 2009. On the face of it, this presents a potential buying opportunity for investors. But the big question to answer first is will property continue its downward trajectory or is there an upturn in sight? Well, interestingly, figures suggest the asset class has started to see a turnaround with positive returns over August 2009. At the end of 2008 and early 2009, there were many distressed sellers and very few buyers. This imbalance between supply and demand was compounded by the unavailability of bank finance for p...