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less land than houses, and therefore rent and home price dynamics can differ. We thus examine the cyclical behavior of … addition, measures of house price and rent co-movement exhibit different dynamics, with peaks and troughs often occurring at …
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This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a...
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