With each week that passes, the question becomes ever more pressing for investors (Louisa Clarence-Smith writes). Is it too late in the cycle to be investing in property?
The answer may lie in the nature of that cycle this time around. Though the global economy is widely believed to be facing its first downturn since the financial crisis of 2008, any new crisis is likely to look different to the previous one. That began when house prices in the United States began to fall. The next recession is more likely to be triggered by global political, rather than financial events, not least Brexit. The Bank of England has said, for example, that Britain has a 33 per cent chance of falling into recession by the