property and economic cycle
DESCRIPTION
Property development fieldTRANSCRIPT
PowerPoint Presentation
Question 2 (a)Assess base on Mr Alexs understanding that economic cycle is not moving tandem with the property cycle when business improves.Barras (1994) model
Case Study (Mr Alex Pang)Out-of-town retail center Originally economic growth is below average Success : attract visitors, upswing economic growthProperty developer start to develop BUT , bloom level of economic cycle Economic downswing into recession stage