Property markets are an important indicator of the macroeconomic outlook of a country. An overvalued property market can lead to high risk of the "popping" of a bubble, which can have adverse reactions on the a country's economy as a whole. 

 

Houghton Street Partners uses an index of several indicators to determine the overall outlook of a country's property market and hence, its potential impact on the target company.

 

In conjunction with other macroeconomic indicators, this allows us to identify countries at different points in their macroeconomic cycles and enable us to determine the best opportunity to enter or exit a certain country.