Cycles and Common Cycles in Property and Related Sectors

Authors: Peijie Wang

Start Page:22
End Page: 42
Volume: 6
Issue Number: 1
Year: 2003
Publication: International Real Estate Review

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.

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