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Viewpoint: Different dynamic will keep this cycle on an upward track in 2015

This time it’s different...’ is possibly one of the most exploited phrases by researchers, but it’s pertinent because every cycle is different.

Today we face similar pressures in a number of markets where capital flowing into real estate is driving up prices. In core locations, yields paid for some assets this year are nearing 2007 levels. However, we argue that the cycle has further to play out and 2015 will not be a repeat of 2008.

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