Whether you’re a new or experienced investor, the 18 year property cycle is something that you should know like the back of your hand.
For years it’s helped investors determine when they’d be most likely to invest in property and when they’re going to wait it out.
We get asked all the time ‘where are we in the 18 year property cycle?’ Even more so at the minute we’re getting, ‘is the cycle broken due to Covid-19?’
Well, we’re about to find out.
In 2020 we were hit with a global pandemic that brought the property market to a grinding halt.
So naturally people were questioning what this meant for the 18 year property cycle.
But once the property market was back up and running (and more buoyant than people expected), we were then getting asked ‘does this mean we’re at the peak of the cycle?’
If you’re new to the podcast and have no idea what the 18 year property cycle is then don’t worry. We’re going to give you a recap in this episode.
According to the average 18 year cycle, we should now be in the mid-cycle wobble phase.
But is that true or has Covid-19 changed the course?
Tune in to find out.
We’ve got two news stories for you this week.
The first one is a note on the evictions ban being extended again. It was due to end on the 22nd February and has been extended to the 31st March at the earliest.
Chances of it being extended again are pretty likely, even though we’re on the right path it’s still not 100% certain that we’ll be back to normal by then.
Another possible policy extension is on the stamp duty holiday. This could be extended by a further six weeks, which isn’t a huge timeframe. A lot of people will complete in time but there will also be many who slip through the net.
This week’s Hub Extra resource is a book that Rob B has been reading.
The book was actually a recommendation from a YouTuber called Ali Abdaal and it’s a book called ‘A Million Miles in a Thousand Years’ by Donald Miller.
It’s the story of a writer who was approached by Hollywood screenwriters who wanted to tell his life story.
But when they started putting it together it turned out that it wasn’t very interesting or inspiring and that really made Donald reflect on his life and he decided to live a better story.
In a way it really resonates with the type of reflection that we’ve all gone through over the past year and how we can live a better life when we come out of the coronavirus pandemic on the other side.
We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future – if so, pop us a message on social and we’ll see what we can do.
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