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2017 | OriginalPaper | Buchkapitel

Do Real Estate Cycles Exist and, if so, Are They Predictable?

verfasst von : Francesca Leccis

Erschienen in: Appraisal: From Theory to Practice

Verlag: Springer International Publishing

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Abstract

A straightforward answer to the question comes from Lee’s paper entitled “Real Estate Cycles: They Exist… and Are Predictable” (2011). However, this essay intends to be critical, thus it investigates the various schools of thought on property cycles aiming at determining if they exist and, in the case of positive evidence, if they are predictable. The paper is divided into five sections: the introduction, a general definition of cycles, an analysis of the two opposite academic views on cycle existence, an overview on real estate forecasts, including techniques, evaluation of methods and challenges, and a final section where the findings are summarized and a conclusion is drawn.

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Titel: Do Real Estate Cycles Exist and, if so, Are They Predictable?
verfasst von: Francesca Leccis
Verlag: Springer International Publishing
Buch: Appraisal: From Theory to Practice
Print ISBN: 978-3-319-49675-7

Electronic ISBN: 978-3-319-49676-4

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-49676-4_3

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