The model of functioning of the real estate development market
Journal Title: Zarządzanie i Finanse - Year 2012, Vol 10, Issue 2
Abstract
The aim of this article is the explanation of the economic mechanism of functioning of real estate development market. Due to lags between supply and demand decisions characteristic for this market the prices of real estate undergo changes. To illustrate these processes the cobweb model has been applied. However, such a description doesn’t explain economic mechanism of functioning of real estate development market in detail. Therefore, it was necessary to provide economic relations among real development market and the other real estate market segments.
Authors and Affiliations
Magdalena Gostkowska-Drzewicka
Keywords
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