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Understanding the property market cycle

FreeFlowchart

The market moves one way round the four phases and never skips one

FreeFlowchart

The market moves one way round the four phases and never skips one

Strict one-way cycle

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The market moves one way round the four phases and never skips oneStrict one-way cycleEarly Bull. Prices turn up, sales riseEarly BullPrices turn up, sales riseLate Bull. Growth slows, sales fallLate BullGrowth slows, sales fallEarly Bear. Prices fall 0.9%+ a quarterEarly BearPrices fall 0.9%+ a quarterLate Bear. Falls slow, stocks reboundLate BearFalls slow, stocks reboundsales below a year ago and growth fadesprice falls 0.9% or morestocks up 10% or 2 quarters without a falltwo quarters of rising prices

Source: PropInsights cycle model (rule of 15 Oct 2026).

View the data as a table
The market moves one way round the four phases and never skips one
StepDetailLeads to
Early BullPrices turn up, sales riseLate Bull (sales below a year ago and growth fades)
Late BullGrowth slows, sales fallEarly Bear (price falls 0.9% or more)
Early BearPrices fall 0.9%+ a quarterLate Bear (stocks up 10% or 2 quarters without a fall)
Late BearFalls slow, stocks reboundEarly Bull (two quarters of rising prices)
Topic
Understanding the property market cycle
Segment
The overall market
Chart type
Flowchart
Access
FreeCSV download is for members.

Understanding the property market cycle

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