StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Property Cycle - Research Paper Example

Cite this document
Summary
The aim of this paper is I) to review various property cycles developed over past decades, ii) various issues and factors affecting its movements, iii) significant variables governing its movement iv) Methods or frameworks commonly adopted in these studies and v) finally could a simple model predict property cycle movement 3
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Property Cycle
Read Text Preview

Extract of sample "Property Cycle"

Download file to see previous pages

Recent studies have shown that fluctuations in property cycle produces economic adversity to certain areas such as property, finance, socio-economic performance and have profound international impacts (Cedic Pugh and Alireza, 2001). The recent economic and financial crisis developed in ASEAN countries on the overheated property investments is suspected to be the main cause for this. Though valuation theorists traditionally ignored cycles arising from the predictability of this area of study in their valuation frameworks and models, similar to that of many social sciences (Born and Pyhrr, 1994; Pyhrr, Born, Robinson and Lusac, 1996), many studies support the relevancy of these cycles, for instance Institution of Charted Quantity Surveyor of United kingdom prepared a printed document for its members specifically addressing the practical implication of Britain's property cycles. Stepen A. Pyhrr, Stephen E.

Roulac and Waldo L. Born (1999) tracing back to the happenings of early 1930s, provided a fairy exhaustive review and laid a good foundation for the body of knowledge of development of property cycles. Figure 2 represents a briefed summary of their work. Nikolai Kondratiett in 1928 noticed severe economic depressions in Russian economy that occurred regularly at 45 to 60 year span. These depressions followed by another long surge of business activities resulted in new peaks of economic outputs and prosperities (Stoken, 1993, cited in Stephen et al 1999).

Depressions of this nature often referred to as recessions seemed to occur during 25 to 35 year up cycle period. Similarly in the west, Mitchell (1927, cited in Stephen et al 1999) suggested theoretical foundation and provided an empirical evidence for cyclical economic activities in U.S. Further works of many writers such as Schumpeter, Forrester and Rostow added more potency to this idea. Other highly noticeable studies on cycles came from Roy Wenzlick who studied the long cycles of

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Property Cycle Research Paper Example | Topics and Well Written Essays - 7500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1506150-property-cycle
(Property Cycle Research Paper Example | Topics and Well Written Essays - 7500 Words)
https://studentshare.org/miscellaneous/1506150-property-cycle.
“Property Cycle Research Paper Example | Topics and Well Written Essays - 7500 Words”, n.d. https://studentshare.org/miscellaneous/1506150-property-cycle.
  • Cited: 0 times

CHECK THESE SAMPLES OF Property Cycle

Effectiveness of Cycle Lanes at Priority Junction

School of Computing, Science and Engineering University of Salford – Manchester “A study into the effectiveness of existing cycle lane– Effect of cycle lanes at priority junction” Paris Pelekanos A Dissertation is Submitted in Partial Fulfilment of the Requirements for MSc Degree in Transport Engineering and Planning September 2013 “I, Paris Pelekanos, declare that this dissertation is my own work.... cycle facilities problems 13 2....
65 Pages (16250 words) Dissertation

Growth and Business Cycles

High priced luxury items seem to be the craze of even the average person, seemingly regardless of their income. In regards to which major trend I think will have the biggest impact on the business cycle, I believe this will be largely associated with inventory control and growth of services.... In regards to which major trend I think will have the biggest impact on the business cycle, I believe this will be largely associated with inventory control and growth of services....
2 Pages (500 words) Essay

Property Cycles: The UK Experience

This paper is based on the property market of the United Kingdom especially regarding the so-called property cycles and their effects on the local economy as these effects can be observed on the daily consumption behavior of people across the United Kingdom.... hellip; Investing in property is often considered as a 'safe' decision especially for funds that will be 'controlled' for a long term period – the purchase of property and its re-sale or its use as a source of income has been found to be more profitable for investors that are interested in long term investments....
8 Pages (2000 words) Research Proposal

UK law and Proactive Management

Discuss in detail how a landlord can protect his rent flow during the Property Cycle” Using UK law and Proactive Management In the current market, the landlords are faced with the challenge of protecting their rent flows due to the changing environments.... According to the property Act of 1952, a lease agreement can only be done by deed especially is the lease is over three years.... On the other hand, under the 54 law of property of 1925, it is possible to have a lease for less than three years based on the written or oral agreement with the tenants....
2 Pages (500 words) Essay

How a Landlord Can Protect His Rent Flow during the Property Cycle

The landlord needs to therefore have effective management system of protecting the rent floe during the various stages of the property life cycle.... It is also important to not only increase the value of the underlying assets at different stages of As the property moves in the different stages, the quality can be retained by upgrading the portfolio.... Buying or developing property to let is the first step for landlords to add to the investment portfolio....
11 Pages (2750 words) Essay

Stigma, Environmental Risk and Property Value

The health risk cycle involves publication of the initial study which links specific environmental contaminants with a given health effect.... The remediation cycle involves seeking information on how to remediate or reduce the risk.... Thirdly, public relations cycle involves publishing the risk effects in the popular press.... Lastly, the lending cycle ends with the lending community reacting to the environmental risk.... On the other hand, stigma in real estate refers to the adverse public perception about the intangible and unquantifiable property....
1 Pages (250 words) Article

Economic Cycle

Recessions or depressions “are period of economic decline, expansion/boom of economic prosperity, and inclusive of the ebbs and flows of economic activity make up economic/business cycle” (Romer, “The Business cycle”).... With a complete set of data for the period and greater understanding of the existing economic indicators, one could determine the amplitude and duration of the economic cycle, and the co-movement of economic activities involved when comparing several economies....
5 Pages (1250 words) Research Paper

The Influence of Macroeconomic Conditions on the Property Market Development in the UK

hellip; An ideal Property Cycle according to Ball et al can be characterized as business upturn and development, business downturn and overbuilding, adjustment, slump and the next cycle.... The business cycle approach, based on the accelerator principle.... The dynamic model based on historical data for UK property development by Barras and Ferguson (1987a, 1987 b) establishes an endogenous development cycle mechanism.... This model, however, explicitly includes an endogenous cycle mechanism, which is problematic....
14 Pages (3500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us