Cyclical Behaviour of Residential Markets
|Title:||Cyclical Behaviour of Residential Markets|
Vol. 3, No 1, 2010
Published date: 20-05-2010 (print) / 20-05-2010 (online)
Journal of International Studies
ISSN: 2071-8330, eISSN: 2306-3483
|Keywords:||business cycles, estate market, Poland|
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.