House Price Developments in Europe: A Comparison
House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the ""fast lane"", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by i...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/211 |
Schlagworte: | |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the ""fast lane"", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem relatively more susceptible to adverse developments in fundamentals. Real house price declines among the slow movers are harder to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy decisions |
Beschreibung: | Includes bibliographical references |
Beschreibung: | 1 Online-Ressource (64 p) |
ISBN: | 1451870698 9781451870695 |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Hilbers, Paul Louis Ceriel Verfasser aut House Price Developments in Europe A Comparison Hilbers, Paul Louis Ceriel Washington, D.C International Monetary Fund 2008 1 Online-Ressource (64 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/211 Includes bibliographical references House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the ""fast lane"", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem relatively more susceptible to adverse developments in fundamentals. Real house price declines among the slow movers are harder to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy decisions Online-Ausg Home ownership Europe Econometric models Housing Prices Europe Econometric models Mortgages Europe Econometric models Electronic books Banerji, Angana Sonstige oth Hoffmaister, Alexander W. Sonstige oth Shi, Haiyan Sonstige oth http://elibrary.imf.org/view/IMF001/09581-9781451870695/09581-9781451870695/09581-9781451870695.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hilbers, Paul Louis Ceriel House Price Developments in Europe A Comparison Home ownership Europe Econometric models Housing Prices Europe Econometric models Mortgages Europe Econometric models |
title | House Price Developments in Europe A Comparison |
title_auth | House Price Developments in Europe A Comparison |
title_exact_search | House Price Developments in Europe A Comparison |
title_exact_search_txtP | House Price Developments in Europe A Comparison |
title_full | House Price Developments in Europe A Comparison Hilbers, Paul Louis Ceriel |
title_fullStr | House Price Developments in Europe A Comparison Hilbers, Paul Louis Ceriel |
title_full_unstemmed | House Price Developments in Europe A Comparison Hilbers, Paul Louis Ceriel |
title_short | House Price Developments in Europe |
title_sort | house price developments in europe a comparison |
title_sub | A Comparison |
topic | Home ownership Europe Econometric models Housing Prices Europe Econometric models Mortgages Europe Econometric models |
topic_facet | Home ownership Europe Econometric models Housing Prices Europe Econometric models Mortgages Europe Econometric models |
url | http://elibrary.imf.org/view/IMF001/09581-9781451870695/09581-9781451870695/09581-9781451870695.xml |
work_keys_str_mv | AT hilberspaullouisceriel housepricedevelopmentsineuropeacomparison AT banerjiangana housepricedevelopmentsineuropeacomparison AT hoffmaisteralexanderw housepricedevelopmentsineuropeacomparison AT shihaiyan housepricedevelopmentsineuropeacomparison |