Cyclical Behaviour of Residential Markets

• Autorzy: Radosław Trojanek
• Języki publikacji: EN

Abstrakty

EN

Each market, same as the whole economy, is subject to business cycles. This rule can be applied also to real estate market [Gawron, 2006, p.69]. This paper presents three main topics: idea of business cycle on real estate market, survey of residential price cycles in chosen OECD countries and an analysis of dwelling's price cycles in Poznań in the period 1996 - II Q. 2009. (original abstract)

Each market, same as the whole economy, is subject to business cycles. This rule can be applied also to real estate market [Gawron, 2006, p.69]. This paper presents three main topics: idea of business cycle on real estate market, survey of residential price cycles in chosen OECD countries and an analysis of dwelling's price cycles in Poznań in the period 1996 - II Q. 2009. (abstrakt oryginalny)

Słowa kluczowe

EN

Business cycles; Real estate market; Dwellings; Prices

PL

Cykl koniunkturalny; Rynek nieruchomości; Mieszkania; Ceny

• Czasopismo: Journal of International Studies
• Rocznik: 2010
• Tom: 3
• Numer: nr 1
• Strony: 28--35

Twórcy

autor

Radosław Trojanek

• Poznań University of Economics, Poland

Bibliografia

• 1. Baum A. (2001), Evidence of Cycles In European Commercial Real Estate Markets -and Some Hypoteses, w S. Brown, C. Liu, A Global Perspective on Real Estate Cycles, Massachusetts: Kluwer.
• 2. Dehesh A., C. Pugh (1997), Real Estate Cycle, Internationalised Transmission Mechanism and the Japanese Bubble Economy, RICS Research Paper Series 1997, vol. 2, No. 6.
• 3. Gawron H. (2006), Opłacalność inwestowania na rynku nieruchomości, Wyd. AE w Poznaniu, Poznań.
• 4. Girouard N. , M. Kennedy, P. van den Noord, Ch. Andre (2006), Recent House Price Developments: The Role of Fundamentals, Economics Department Working Papers 2006, No. 475.
• 5. Key T., B.Macgregor, N.Nanthakumaran, F. Zarkesh (1994), Understanding the Property Cycle, RICS, London.
• 6. Kucharska-Stasiak E. (2006), Nieruchomość w gospodarce rynkowej, Wyd. Naukowe PWN, Warszawa.
• 7. Rottke N., M. Wernecke, A. Schwartz (2003), Real Estate Cycles in Germany -Causes, Empirical Analysis and Recommendations for the Management Decisions, Journal of Real Estate Literature 2003, vol. 11, No. 3.
• 8. Trojanek R. (2008), Wahania cen na rynku mieszkaniowym, Wyd. AE w Poznaniu, Poznań.

Identyfikatory

DOI

10.14254/2071-8330.2010/3-1/3