A comparison with previous upswings suggests that commercial property capital values will peak within the next six months. Yet property is not obviously overvalued while occupier fundamentals are both strong and improving. So unless a major shock were to tip the economy back into recession or policymakers are about to implement a significant shift in monetary policy, we suspect that this time, things really will be different.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services