Owning property in SBH is my volatility at the end of the world trade! You get to own exquisite properties funded at fixed long & WRONG rates, with no currency risk and zero carry after everything.
Capital gains are commensurate with elsewhere except hold for longer and they drop to zero.
And most deals are done for cash and so we've never seen a deleveraging bear market...prices tend to plateau for awhile. 
Better still, the authorities here, not content with zero government debt, no crime and no taxes are pursuing a policy of artificial scarcity. Paradise is shrinking. Maybe we should talk..?
