Gottiboff has a crack at it today:
The first rule in the links between the share and property markets is the so called “15 per cent” rule. It’s not until share markets encounter a sustained fall of 15 to 20 per cent that they start to trigger property impact. In the past that impact normally kicks in six to 12 month later but I have seen the impact gap extend to 18 months.
…In many areas of the property market shortages are on the horizon…That means in both our large cities if demand continues rents will rise because we are set for shortages of dwellings.