Showing 1 - 10 of 1,909
Persistent link: https://www.econbiz.de/10003987188
Deuten die aktuellen Preisanstiege auf den Immobilienmärkten auf eine Immobilienblase hin? Für Andreas Dombret, Deutsche Bundesbank, gehören Preisblasen an Immobilienmärkten zu den größten Risiken für die Finanzstabilität. Die Folgen derartiger Übertreibungen könnten...
Persistent link: https://www.econbiz.de/10010633257
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10010790415
We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous … shocks to immigration and thereby to house prices. Detailed micro data allow us to observe multiple offers for each mortgage … request. We find a 1% increase in house prices to raise the requested mortgage amount by 0.52%. Due to positive feedback …
Persistent link: https://www.econbiz.de/10010817264
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10005825451
We overview developments in house prices in Macedonia in the period 2000-2013, with a special focus on the movements during the Great Recession. House prices in Macedonia exhibit typical cyclical behaviour, where periods of growth are followed by periods of stagna- tion/decline. Price...
Persistent link: https://www.econbiz.de/10010987442
The Narodowy Bank Polski organized during November 14-15, 2013 an international workshop to discuss current issues in the field of real estate analysis from the central bank's point of view. The development of residential real estate prices as well as commercial real estate prices and real...
Persistent link: https://www.econbiz.de/10010987454
We analyse the determinants of house prices in the primary and secondary market of 17 largest cities in Poland during the 2002-2013 period. We find that prices are driven by economic fundamentals, such as income growth or rise in employment. Prices in the secondary market react to increases in...
Persistent link: https://www.econbiz.de/10010987459
The Narodowy Bank Polski organized during November 14-15, 2013 an international workshop to discuss current issues in the field of real estate analysis from the central bank's point of view. The development of residential real estate prices as well as commercial real estate prices and real...
Persistent link: https://www.econbiz.de/10010987461
Unsustainable dynamics in housing markets and house prices have been one of the root causes of the 2008 financial crisis. They emphasised the challenge for policy-makers to identify such dynamics in the context of their regular and systemic analyses of economic, financial and monetary...
Persistent link: https://www.econbiz.de/10010960062