Are House Prices Rising too Fast in Hong Kong SAR?:
Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/273 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong SAR does not seem to be significantly higher than would be justified by underlying fundamentals. Moreover, unlike advanced economies before 2007-8, deviation from fundamentals has not been persistent in Hong Kong.Going forward, low interest rate and improving growth prospects, as well as a tight supply, particularly in the mass market, means that house price growth will continue to be strong.This is the period in which vulnerability may be accumulating, and tight prudential standards and fiscal measures will be required to tame price inflation |
Beschreibung: | 1 Online-Ressource (19 p) |
ISBN: | 1455210803 9781455210800 |
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index_date | 2024-07-03T20:13:28Z |
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spelling | International Monetary Fund Verfasser aut Are House Prices Rising too Fast in Hong Kong SAR? Washington, D.C International Monetary Fund 2010 1 Online-Ressource (19 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/273 Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong SAR does not seem to be significantly higher than would be justified by underlying fundamentals. Moreover, unlike advanced economies before 2007-8, deviation from fundamentals has not been persistent in Hong Kong.Going forward, low interest rate and improving growth prospects, as well as a tight supply, particularly in the mass market, means that house price growth will continue to be strong.This is the period in which vulnerability may be accumulating, and tight prudential standards and fiscal measures will be required to tame price inflation Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/11453-9781455210800/11453-9781455210800/11453-9781455210800.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Are House Prices Rising too Fast in Hong Kong SAR? |
title | Are House Prices Rising too Fast in Hong Kong SAR? |
title_auth | Are House Prices Rising too Fast in Hong Kong SAR? |
title_exact_search | Are House Prices Rising too Fast in Hong Kong SAR? |
title_exact_search_txtP | Are House Prices Rising too Fast in Hong Kong SAR? |
title_full | Are House Prices Rising too Fast in Hong Kong SAR? |
title_fullStr | Are House Prices Rising too Fast in Hong Kong SAR? |
title_full_unstemmed | Are House Prices Rising too Fast in Hong Kong SAR? |
title_short | Are House Prices Rising too Fast in Hong Kong SAR? |
title_sort | are house prices rising too fast in hong kong sar |
url | http://elibrary.imf.org/view/IMF001/11453-9781455210800/11453-9781455210800/11453-9781455210800.xml |
work_keys_str_mv | AT internationalmonetaryfund arehousepricesrisingtoofastinhongkongsar |