Property cycles are varied in terms of their amplitude, their periodicity and the impact they exert on the wider economy. In periods of domestic macroeconomic stability, property cycles tend to be endogenous-i.e. caused by disequilibria in the sector — and they are relatively subdued. In...

Since 1980, property cycles have emerged emphatically as a phenomenon of urban development in both developed and developing countries. Among the many things which need to be explained is the continuing high levels of financial investment in property sectors, even well past the time when supply...