Property values behave depending upon the phase of the cycle they are in. One of the truly long-standing gospels of property investment is that you should seize a deal at the right stage of the property cycle. This way, you come out paying the best price for a property deal.
At different times property prices may behave differently; sometimes they may languish well below the long-term trend, at other times shoot up a lot higher than the trend or remain closely attached to it. Careful evaluation of the property cycle then remains your first line of attack. Let me elaborate on this.