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Do Real Estate Cycles Exist and, if so, Are They Predictable?

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Appraisal: From Theory to Practice

Part of the book series: Green Energy and Technology ((GREEN))

Abstract

A straightforward answer to the question comes from Lee’s paper entitled “Real Estate Cycles: They Exist… and Are Predictable” (2011). However, this essay intends to be critical, thus it investigates the various schools of thought on property cycles aiming at determining if they exist and, in the case of positive evidence, if they are predictable. The paper is divided into five sections: the introduction, a general definition of cycles, an analysis of the two opposite academic views on cycle existence, an overview on real estate forecasts, including techniques, evaluation of methods and challenges, and a final section where the findings are summarized and a conclusion is drawn.

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Author information

Authors and Affiliations

  1. Dipartimento di Ingegneria Civile, Ambientale e Architettura, Università degli Studi di Cagliari, via Marengo 2, 09123, Cagliari, Italy

    Francesca Leccis

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  1. Francesca Leccis
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Correspondence to Francesca Leccis .

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Editors and Affiliations

  1. Università IUAV , Venezia, Italy

    Stefano Stanghellini

  2. Politecnico di Bari , Bari, Italy

    Pierluigi Morano

  3. Politecnico di Torino , Torino, Italy

    Marta Bottero

  4. Politecnico di Milano , Milano, Italy

    Alessandra Oppio

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Leccis, F. (2017). Do Real Estate Cycles Exist and, if so, Are They Predictable?. In: Stanghellini, S., Morano, P., Bottero, M., Oppio, A. (eds) Appraisal: From Theory to Practice. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-319-49676-4_3

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  • DOI: https://doi.org/10.1007/978-3-319-49676-4_3

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-49675-7

  • Online ISBN: 978-3-319-49676-4

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