Strange attractor in the Auckland commercial property market

What is it about?

The purpose of this study is to provide a chaos theory-based framework, which can be used to model commercial property market dynamics. The paper is presented in two parts. In the first, rigorous mathematical reasoning is entertained, to derive an attractor describing a set of feedback formulae. In the second part, the attractor definition is used to model the Auckland commercial office market. The model is exposed through a set of seven scenarios allowing for analysis of the market behaviour under various exogenously imposed conditions.

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Why is it important?

The paper allows for the application of the chaos theory to the modelling of commercial property markets.