Building Cycles : Growth and Instability
, by Barras, Richard- ISBN: 9781405130011 | 1405130016
- Cover: Hardcover
- Copyright: 10/12/2009
The aim of this book is to explore why building cycles occur, how they affect the behaviour of real estate markets, and what their impact is upon urban development. It distils the results of 25 years of research by the author, which has been published in a variety of refereed journals. The recurrent and long-run nature of the cycle will be illustrated using UK investment data stretching back 150 years, while the extent of the cycle as a global phenomenon will be demonstrated using a range of more recent European and US data. The discussion is also supported by a running cases study of the Central London office market, showing in practical detail how all aspects of market behaviour interact to drive the cycle.