Minister calls for an end to the boom and bust UK property market

UK housing minister Grant Shapps has fallen into a similar trap to that set for Gordon Brown by declaring that the UK government is looking to avoid the traditional boom and bust scenario in the UK property market. Time and time again politicians seem to ignore the fact that boom and bust economic cycles have been occurring forever and a day and ultimately they are down to the sentiment of investors and consumers.

As hard as the authorities may try there is no doubt that boom and bust scenarios will occur in the UK property market of the future and there is very little that the authorities can do about this. There is no way that the markets will swim against the tide if investors and consumers become buoyant or depressed regarding UK property and we will see these large swings time and time again.

There is every likelihood that today's comments from Grant Shapps may well come back to haunt him as they have done with previous governments in the past. When will politicians ever learn? The boom and bust scenario we see regularly in the UK and around the world is purely and simply due to the highs and lows of sentiments expressed by investors and consumers.