EFTA Document EFTA01385477

3 January 2018 HY Corporate Credit HY Multi Sectoriirledia. Cable & Satellite Property market cycle is cooling off, will policy loosen in Q2? The downward cycle in the property market will likely last into HI 2018. This most recent cycle lasted longer than many had expected. The yoy growth of property sales just turned negative in Oct after staying positive for 30 months. Previous property cycles typically lasted for 12-20 months, measured by months for which 3mma property sales growth s