Property cycle
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A property cycle is a sequence of recurrent events reflected in demographic, economic and emotional factors that affect supply and demand for property subsequently influencing the property market.
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The first recorded pioneer of studying property cycles was Homer Hoyt (1895–1984) in.[1] It is widely recognised that property (along with other forms of investment) follows a predictable cycle. The property cycle has three recognised recurring phases of boom, slump, and recovery.[2] The cycle follows a consistent pattern which can be accurately assessed by following the trends of a collective basket of Key Drivers (as outlined below).