What is it about?
The purpose of this paper is to expand our understanding of processes governing commercial property cycles, and to provide tools, which enable identification of property cycles’ turning points’ location.
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Why is it important?
The paper utilises cross-field approach by taking methods from both physics and mathematics and applying them to property markets. It breaks new ground both in property research and in applied mathematics by showing how the current frontier in pure mathematics may be applied to property.
Perspectives
The tools developed in the paper allow for clear characterisation of the market types and their cyclic behaviour. This in turn allows for timely characterisation of the market state and for short time-frame forecasting. The depth of a cycle may be calculated and the subsequent correction level estimated.
Moshe Szweizer
CBRE Group Inc
Read the Original
This page is a summary of: Characteristic points of Auckland commercial property cycles, Journal of Property Investment & Finance, June 2019, Emerald,
DOI: 10.1108/jpif-04-2019-0053.
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