Safe as houses? Structural and cyclical property forces converging
Property assets and real estate shares tend to be good investments but are what kind of market forces are they subject to today?
Nathan Smith Fri, 01 Jun 2018
It’s hard to know if the New Zealand property market is more affected by structural or cyclical forces. Both hypotheses seem to fit the facts – a sure sign the answer is complex.
Cyclical changes are a result of capital searching for investment yield – a fancy term for “making more money” – but
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