18-year property cycle: Could house prices really boom for 5 years?
Against most sensible measures, house prices in the UK are too expensive. Whether you use property values vs rents, the size of typical deposits, or the most popular house prices-to-average earnings yardstick, buying a home looks costly compared to long-run averages. So could house prices really go on a bit of a tear from here? That’s what the 18-year property cycle theory suggests, but is that a reliable predictor or just charting mumbo jumbo that gets lucky with a small sample size of recent cycles? House prices paused and had a small slip in 2018 to early 2020 before rising rapidly again...
Source: dailymail.co.uk