Scientific Papers


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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



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.