Building Cycles (eBook)

Growth and Instability

Richard Barras (Autor)

eBook Download: PDF

2009 | 1. Auflage
448 Seiten
John Wiley & Sons (Verlag)
978-1-4443-1001-6 (ISBN)

Infos

The global economic crisis of 2008 was precipitated by a housing
market crash, thus highlighting the destabilizing influence of the
property cycle upon the wider economy. This timely book by a world
authority explores why cycles occur and how they affect the
behaviour of real estate markets. The central argument put forward
is that growth and instability are inextricably linked, and that
building investment acts both as a key driver of growth and as the
source of the most volatile cyclical fluctuations in an economy.

The role of building cycles in both economic growth and urban
development is explored through a theoretical review and a
comparative historical analysis of UK and US national data
stretching back to the start of the nineteenth century, together
with a case study of the development of London since the start of
the eighteenth century.

A simulation model of the building cycle is presented and tested
using data for the City of London office market. The analysis is
then broadened to examine the operation of property cycles in
global investment markets during the post-war period, focussing on
their contribution to the diffusion of innovation, the accumulation
of wealth and the propagation of market instability.

Building Cycles: growth & instability concludes by
synthesizing the main themes into a theoretical framework, which
can guide our understanding of the operation and impact of building
cycles on the modern economy.

Postgraduate students on courses in property and in urban
development as well as professional property researchers, urban
economists and planners will find this a stimulating read -
demanding but accessible.

Autor

Dr Richard Barras, Senior Partner, Property Market Analysis LLP

Rezensionen

"The range and scope of material covered is vast; that
alone makes it a valuable reference source for anyone whose work
touches on these issues, even if their research comes from a very
different theoretical perspective." (Urban
Studies, 26 April 2012)

"This is an excellent book examining the role that
building cycles play in both economic growth and urban Development
... In general, the book makes a very useful and timely
contribution to the building industry. It is good value for money
and I have no hesitation in recommending its purchase for all
people with an interest in building cycles." (Construction
Management and Economics, 1 May 2010)

Produkt-Details

• Erscheint lt. Verlag: 13.8.2009
• Reihe/Serie: Real Estate Issues
• Sprache: englisch
• Themenwelt: Naturwissenschaften ► Geowissenschaften ► Geografie / Kartografie
• Themenwelt: Technik ► Bauwesen
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Architecture • Architektur • Business & Management • Immobilien u. Grundbesitz • Planning • Planung • Property & Real Estate • Wirtschaft u. Management
• ISBN-10: 1-4443-1001-1 / 1444310011
• ISBN-13: 978-1-4443-1001-6 / 9781444310016