Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic … housing units being 3 times higher than 10 years ago. This trend is supported by both internal and external factors, as … illustrated in this paper. By providing a theoretical model and empirical analysis on the key variables influencing housing prices …

incomes tend to mitigate the explosive dynamics and change the context in which the whole issue of housing bubbles is viewed …In the study we use the right-tail unit root test to analyse the presence of mild explosive dynamics (exuberance) in … housing prices of the 17 largest Polish cities in the period 2006-2021 (for quarterly data). In terms of real prices from the …

explosive increases of rents. We find evidence for explosive price increases in many cities, especially for newly built housing …. However, only in some urban housing markets, prices decouple from their fundamental values as represented by rents. On the … speculative price bubble in the German housing market is moderate. While we find first evidence for speculative bubbles in …

Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime …-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household …