Each property cycle has certain typical characteristics. While there are a few aspects which do not change, there is bound to be a factor Y that is unique to each property cycle. Each cycle goes through a peak and a trough phase, a downturn and a recovery phase but where one cycle may be marked by excess liquidity (its unique factor), another may be peppered with lack of consumer confidence.

Without delving deeply into what separates one property cycle from another in general, let us focus on the major differences between the present and the last property cycle. I am sure some of them will surprise you and one such difference in particular may change the way you look at the coming property cycles.