Open AccessInternational Real Estate Review
Author(s) -
Peijie Wang
Publication year - 2003
Publication title -
journal of the asian real estate society
Language(s) - English
Resource type - Journals
ISSN - 1029-6131
DOI - 10.53383/100044
Subject(s) - property market , real estate , property (philosophy) , common property , economics , econometrics , microeconomics , property rights , finance , philosophy , epistemology
This paper examines cycles and common cycles in the property market and the economy. While focusing on common cycles, the study also incorporates common trends in the meantime, so it covers the whole spectrum of dynamic analysis. It has been found that property shares common cycles, particularly with those sectors that are the user markets of property. The mechanisms of common cycles and the relative magnitudes of cycles of the sectors related to property are discussed to shed light on property market behavior.