ou mean like, petrol, water, gas, electricity? My, you are privaliged if you can pay what you want for these. I bow down to a superior being,
or maybe you just don't think to clearly before you write.
Those are commodities you have to consume, property are fixed assets that are optional and discretionary purchases.
You, a developer, attach commodities (building materials/labour) into a fixed asset. The fixed assets is most of the profit and its what makes you a speculator, the price of land.
There is no limit on the price of property, its a completely illiquid asset, becuase its fixed by location. Its price isn't determined by its worth, but by the availability of willing customers and that is determined by the availability of credit. Due to the excessive valuations of property world wide, the ability of banks to conjurer up money has expired.
All the money in the world, not just this year, but for the next 20 years, has been spent. Thats why property prices have stopped rising, there isn't any more money left.
Not surprisingly discretionary spending, such as property speculation, is being cut back to fund essentials consumables, such as electricity, gas, food and water.
Good look with the attempt to portray property speculation as one of life essentials, alongside food and water.
Is the world crises over??
Nope, the real crash will happen soon and all the ammunition to prevent it has been used up.