The financial crisis was not a so-called ‘black swan’ catastrophe, but was down to the correction phase of the property cycle. This is according to Akhil Patel, editor of Cycles, Trends and Forecasts at Southbank Investment Research, who says property is fundamental to economic activity.
Was the property cycle behind the financial crisis?
The value of investments can fall as well as rise, and you may get back less than you invested. Past performance is no guarantee of future results