A correction in the real estate market seems long overdue, but the consensus is that years of quantitative easing and low interest rates have postponed it. It has meant that every year, attendees at MIPIM – always a useful barometer of the market – ponder question: how long will this cycle last?
With the 10-year anniversary of Lehman Brothers’ demise only six months away, investors are beginning to wonder whether the cycle actually exists anymore – or whether we have entered a sort of indefinite plateau.
This sort of thinking, of course, is dangerous. Assuming the market will never crash is good way to tempt fate. FULL ARTICLE IN IPE REAL ASSETS