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HOUSING MARKET CYCLES IN THE CONTEXT OF BUSINESS CYCLES

HOUSING MARKET CYCLES IN THE CONTEXT OF BUSINESS CYCLES AbstractHousing markets as well as the overall economy develop unevenly. Business cycles are the result of the diverse dynamics of their development. The housing market, as one of the components of economic systems, is influenced by business cycles, at the same time affecting them as well. It should be noted, however, that the special nature of this market may determine a different course of housing market cycles in comparison with changes in business cycles. The aim of the paper is to identify similarities and differences in the shaping of the housing market cycle and the business cycle. The analysis will be conducted on the basis of experience from the Polish market and selected Western markets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

HOUSING MARKET CYCLES IN THE CONTEXT OF BUSINESS CYCLES

Real Estate Management and Valuation , Volume 25 (3): 10 – Sep 26, 2017

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Publisher
de Gruyter
Copyright
© 2017
ISSN
1733-2478
eISSN
2300-5289
DOI
10.1515/remav-2017-0017
Publisher site
See Article on Publisher Site

Abstract

AbstractHousing markets as well as the overall economy develop unevenly. Business cycles are the result of the diverse dynamics of their development. The housing market, as one of the components of economic systems, is influenced by business cycles, at the same time affecting them as well. It should be noted, however, that the special nature of this market may determine a different course of housing market cycles in comparison with changes in business cycles. The aim of the paper is to identify similarities and differences in the shaping of the housing market cycle and the business cycle. The analysis will be conducted on the basis of experience from the Polish market and selected Western markets.

Journal

Real Estate Management and Valuationde Gruyter

Published: Sep 26, 2017

References