Andrew Baum
Working Papers in Land Management and Development 05/00
pp. 15
Abstract:
In this paper, we seek to achieve four objectives. First, we provide some contextual material
concerning the performance of the UK real estate market relative to stocks and
bonds over a long period. Second, we
provide UK – and some non-UK European - evidence of the tendency for property
demand, supply, prices and returns to fluctuate around their long term trends
or averages. Third, we briefly examine
some hypotheses which suggest institutional contributions to property cycles in
European markets. Fourth, we suggest
some reasons why the future may not be as cyclical as the past.
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