We all have different wants and needs when buying property. For some a house is a home and for others a stream of income. Short term house prices fluctuate up and down; there is little you can do about that. However, if you want to increase your chances of being on the right side of the market, you need to look at the bigger picture. To do this you must understand property cycle theory. So what is a property cycle?
To understand the residential property cycle fully we will break it down into its 3 phases.
Please refer to this article by Kris from Freedom through Property, Understanding the Property Cycle Part 1.
My parting words today are simply;
Many successful investors say that timing is more important than any individual investment. Unless you are highly experienced, don’t go against the cycle. It is certainly possible to find investments that buck the trend, but believe me; it is extremely easy to get it wrong. Remember, this goes for any investment, not just property.
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