It’s a fact that people have short memories. I mean, after the shocking bombing of the London Underground in 2005 (was it really three years ago?) it seemed that no one was ever going to use the Tube again. Everyone went out and bought bicycles. But how short-lived all those healthy intentions were. The London Underground is now as packed (and miserably sweaty) as it always was.

Of course, it’s a good thing that some form of normality returns, albeit with an increased awareness on the part of travellers and Tube staff combined. If not, then our society would have been turned on its head by the actions of a few nutters. It also demonstrates the considerable human resilience that exists in our very nature.

The current economic banking crisis will also eventually pass. Yes, with more restrictions on bank executives pay (though I wonder if the recently resigned boss of the Royal Bank of Scotland Sir Fred Godwin didn’t quietly get a massive pay-off of some description?) and yes, with restrictions on who they can lend money to. But ultimately, in years to come, as far as the public’s day to day dealing with banks, the ‘credit crunch’ will all eventually fade away into a distant memory. Like ‘the three day week’ or ‘the winter of discontent’ (does anyone under the age of 40 have any idea what I’m talking about? Exactly, that’s my point).

Naturally, a more stable market (which seems to be occurring after the massive injections of cash from governments around the world into their banking sectors) means that right now there are bargains to be had for property investors. After all, house prices are relatively low, and will probably continue to drop for a while. Only this morning as I write this, estate agents in the UK report the slowest number of sales since the early seventies. But this is more to do with clients being unable to get mortgages approved and those looking to sit tight with their cash until the smoke clears.

Property investment though, in the right locations across the world, is still a very attractive long-term proposition, and if you’ve got the capital to spend, then now is the time to spend it on bricks and mortar.

There’s only so much land available (until the moon becomes viable) so getting involved in buying property now, is probably a good idea. Remember, in the historical scheme of things, memories are short…