Building Cycles: Growth and Instability (Real Estate Issues) (by Richard Barras)


Author(s): Richard Barras

Publisher: Wiley-Blackwell
Publish date: 2009-10-12
ISBN-10: 1405130016
ISBN-13: 9781405130011
Language: English
Description: The global economic crisis of 2008 was precipitated by a housing
market crash, thus highlighting the destabilizing influence of the
property cycle upon the wider economy. This timely book by a world
authority explores why cycles occur and how they affect the
behaviour of real estate markets. The central argument put forward
is that growth and instability are inextricably linked, and that
building investment acts both as a key driver of growth and as the
source of the most volatile cyclical fluctuations in an economy.
The role of building cycles in both economic growth and urban
development is explored through a theoretical review and a
comparative… more…

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