The property cycle and Akkel Patel's expertise

Akkel Patel, a property cycle expert, has successfully predicted market trends since 2014. His knowledge and insights have proven valuable in an industry where many have been wrong. In this podcast episode, Patel discusses the property cycle and addresses doubts raised by the hosts about its current state. While the hosts question whether the market is close to a peak, Patel argues that sentiment can shift rapidly, and historical evidence suggests that we may not be as close to a peak as it seems. He also highlights the impact of central bank policies, stimulus measures, and supply constraints on the property market. Despite recent price declines, Patel believes that prices are poised to rise due to increasing wages, rental demand, and affordability. His overall perspective is that understanding the property cycle can help investors make informed decisions and avoid costly mistakes.