Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Real Estate Market Cycle

The period between the two latest highs or lows of a common benchmark; refers to trends or patterns that emerge during different business environments; often has four distinct phases (recovery, expansion, hypersupply, and recession) and, at different stages of a full market cycle, real estate assets will respond to market forces differently.

Source: NCREIF | Date: 09 September 2025 | ID: D1395 | Version: 1