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Building Cycles: Growth and Instability


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The global economic crisis of 2008 was precipitated by a housingmarket crash, thus highlighting the destabilizing influence of theproperty cycle upon the wider economy. This timely book by a worldauthority explores why cycles occur and how they affect thebehaviour of real estate markets. The central argument put forwardis that growth and instability are inextricably linked, and thatbuilding investment acts both as a key driver of growth and as thesource of the most volatile cyclical fluctuations in an economy. The role of ...

Building Cycles: Growth and Instability 2009, Wiley-Blackwell, Chichester, England

ISBN-13: 9781405130011