Cyclical Behaviour of Residential Markets
Vol. 3, No 1, 2010
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Radosław Trojanek “Cyclical Behaviour of Residential Markets”, Journal of International Studies, Vol. 3, No 1, 2010, pp. 28-35. |
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Cyclical Behaviour of Residential Markets
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Radosław Trojanek Department of Investment and Real Estate Faculty of Management Poznań University of Economics |
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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
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Keywords: business cycles, estate market, Poland. |
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JEL classification: E32, R33, P2. |
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