A Study on Real Estate Cycles and Relevant Issues in the Global Financial Crisis

摘要：

Faced with the shocks of the current global financial crisis, this study examines the nature of real estate cycles, identifies the many different types of interdependent cycles that affect real estate performance and presents strategies for dealing with multiple interrelated cycles. Understanding the complex and dynamic macro-to-micro cycle relationships is believed to be the foundation for understanding real estate performance in a specific market, submarket and site-specific location. Successful cycle strategies that achieve above-market returns over the long run are dependent on this understanding, good market timing and a degree of contrarianism. And then seven cycle models are presented, to seek to measure cyclical impacts on key investment variables in an ex ante framework, to put forward the key strategic and decision implications for investors.

关键词： cycle real estate cycle real estate cycle models

作者: GAO Yanru YUAN Hang LIU Hongyan

作者单位: School of Management, Harbin Institute ofTechnology, Harbin, China 150001 School of Management, Harbin Institute of Technology, Harbin, China 150001

会议类型: 国际会议

会议名称: 2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)

会议地点: 北京

会议语种:英文

页码: 1032-1035

在线出版日期: 2009-11-05（万方平台首次上网日期，不代表论文的发表时间）