publication . Article . 2003

Cycles and Common Cycles in Property and Related Sectors

Peijie Wang;
Open Access
  • Published: 01 Jan 2003 Journal: International Real Estate Review, volume 6, issue 1, pages 22-42
Abstract
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.
Subjects
free text keywords: Common cycle, common trend, phase, property, jel:L85
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