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Cyclical Behaviour of Residential Markets

Vol. 3, No 1, 2010

Radosław Trojanek “Cyclical Behaviour of Residential Markets”, Journal of International Studies, Vol. 3, No 1, 2010, pp. 28-35.

 

 

 

Cyclical Behaviour of Residential Markets

 

Pole tekstowe:  Scientific Papers

 

 

 

 

 

 

 

Radosław Trojanek

Department of Investment and Real Estate

Faculty of Management

Poznań University of Economics

r.trojanek@ue.poznan.pl

 

 

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.

Submitted: April, 2010

1st revision: May, 2010

Accepted: June, 2010

 

Keywords: business cycles, estate market, Poland.

 

JEL classification: E32, R33, P2.