One of the concise definitions of the real estate cycle is offered by The Royal Institution of Chartered Surveyors in its 1994 publication on Understanding the Property Cycle: ‘‘Property cycles are recurrent but irregular fluctuations in the rate of all-property total return, which are also apparent in many other indicators of property activity, but with varying leads and lags against the all-property cycle.’’(Pyhrr, Roulac and Born, 2010). Continue reading “Where is the Philippines in the real estate cycle?”