Chen, Ming‐Chi; Kawaguchi, Yuichiro; Patel, Kanak - In: Journal of Property Investment & Finance 22 (2004) 1, pp. 55-75
This paper examines the time‐series behaviour of house prices for the four Asian markets, namely, Hong Kong, Singapore, Tokyo and Taipei, by using structural time‐series methodology. The paper assumes two types of trend models to characterise and compare the long‐run movement of house...