Why is property so often the source of trouble?

It is now ten years since the property-induced global financial crisis and house prices in many countries are rising rapidly again. So now seems like a good time to assess whether property, residential and commercial, is on course to cause trouble for the global economy once more. We are publishing two reports. In this first Focus, we examine the characteristics of property markets from a global perspective. In a second Focus to follow shortly, we will look at the current state of property markets and their prospects.