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- W4237047110 abstract "The influence of the last real estate crisis in Switzerland, in the '90s, was severe. Here, we seek to analyse the Swiss real estate market using agent-based modelling (ABM), from December 1986 to September 2014. Our model combines explicit knowledge of behavioural patterns of the agents, with implicit knowledge in the form of time series analysis. Findings are in line with other markets, indicating that the Swiss real estate market is pro-cyclical. If the trend of historically long-term increasing prices on the Swiss real estate market stops, we would expect a hard landing. Then, if regulation reduces the increasing real estate prices, this would lead to a drop in long-term prices." @default.
- W4237047110 created "2022-05-12" @default.
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- W4237047110 date "2020-01-01" @default.
- W4237047110 modified "2023-10-18" @default.
- W4237047110 title "Cyclical behaviour of the Swiss real estate market" @default.
- W4237047110 doi "https://doi.org/10.1504/ijesb.2020.104235" @default.
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