本世纪60年代起开始,美国StephenA.Pyhrr等不动产经济学家开始致力于西方不动产市场的经济周期研究,探索在资本主义制度下不动产的经济发展周期及其机理与在市场不同时期的动态投资策略。一般而言,不动产周期是由影响不动产收益的一系列不同周期因素组成的总体概念,以下所列的? Beginning in the 1960s, real-estate economists such as Stephen A. Pyhrr in the United States started to study the economic cycle in the real estate market in the West and explored the economic cycle and mechanism of real estate under the capitalist system and the dynamic investment strategies in different periods of the market . In general, the real estate cycle is a general concept of a series of different cyclical factors that affect the return on real estate, listed below?