Price volatility of commercial and residential property

被引：15
|
作者：
Kwong, SKS [1 ]
Leung, CKY [1 ]
机构：
[1] Chinese Univ Hong Kong, Dept Econ, Shatin, Hong Kong, Peoples R China
来源：
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 2000年 / 20卷 / 01期
关键词：
D O I：
10.1023/A:1007875704572
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This article studies the relative volatility of commercial and residential property prices. Empirical evidence of commercial property prices being more volatile than the prices of residential property is presented. Models are built following that of Lucas. Theoretical statements are derived to show the exact conditions under which the observations arise. The cases of fixed supply and flexible supply are considered separately.
引用
收藏
页码：25 / 36
页数：12
相关论文
共 50 条
  • [21] RESIDENTIAL PROPERTY PRICE FORECASTING USING FUZZY REGRESSION MODEL
    Sarip, Abdul Ghani
    Hafez, Muhammad Burhan
    [J]. INNOVATION VISION 2020: FROM REGIONAL DEVELOPMENT SUSTAINABILITY TO GLOBAL ECONOMIC GROWTH, VOL I-VI, 2015, : 3913 - 3919
  • [22] Forecasting the Volatility of Real Residential Property Prices in Malaysia: A Comparison of Garch Models
    Suleiman, Ahmad Abubakar
    Othman, Mahmod
    Daud, Hanita
    Abdullah, Mohd Lazim
    Kadir, Evizal Abdul
    Kane, Ibrahim Lawal
    Husin, Abdullah
    [J]. REAL ESTATE MANAGEMENT AND VALUATION, 2023, 31 (03) : 20 - 31
  • [23] The relationship between Malaysia's residential property price index and residential properties loan supply
    Law, Chee-Hong
    Lim, Ghee-Thean
    [J]. PROCEEDINGS OF SECOND INTERNATIONAL CONFERENCE ON CONTEMPORARY ECONOMIC ISSUES: INTEGRATING HUMANS, SOCIETIES AND THE ENVIRONMENT FOR A SUSTAINABLE FUTURE, 2016, : 31 - 38
  • [24] Commercial Property Price Indices- meeting your needs?
    Grover, Richard
    Grover, Christine
    [J]. JOURNAL OF PROPERTY INVESTMENT & FINANCE, 2012, 30 (04)
  • [25] Study of Commercial Residential Character Price in Xi'an Application of Hedonic Model
    Lan, Feng
    Liu, Lifang
    [J]. PROCEEDINGS OF THE 2010 INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND SCIENTIFIC MANAGEMENT, VOLS 1-2, 2010, : 1024 - +
  • [26] AN ANALYSIS OF THE INCOME AND PRICE ELASTICITY OF DEMAND FOR HOUSING IN VIEW OF PRICE DYNAMICS ON THE RESIDENTIAL PROPERTY MARKET
    Brzezicka, Justyna
    Kobylinska, Katarzyna
    [J]. REAL ESTATE MANAGEMENT AND VALUATION, 2021, 29 (04) : 97 - 110
  • [27] Residential Property Loans and Bank Performance during Property Price Booms: Evidence from Europe
    Martins, Antonio Miguel
    Serra, Ana Paula
    Martins, Francisco Vitorino
    Stevenson, Simon
    [J]. ANNALS OF ECONOMICS AND FINANCE, 2019, 20 (01): : 247 - 295
  • [28] The Impact of Flooding on the Price of Residential Property: A Transactional Analysis of the UK Market
    Lamond, Jessica
    Proverbs, David
    Hammond, Felix
    [J]. HOUSING STUDIES, 2010, 25 (03) : 335 - 356
  • [29] AN ALGORITHM FOR SETTING THE LIST PRICE OF A RESIDENTIAL REAL-ESTATE PROPERTY
    BANDYOPADHYAY, JK
    BANDYOPADHYAY, B
    [J]. INTERFACES, 1981, 11 (04) : 55 - 61
  • [30] Price volatility and residential electricity decisions: Experimental evidence on the convergence of energy generating source
    Cardella, Eric
    Ewing, Bradley T.
    Williams, Ryan B.
    [J]. ENERGY ECONOMICS, 2017, 62 : 428 - 437
12345