Don't Look Up: House Prices in Emerging Europe

Don't Look Up: House Prices in Emerging Europe PDF Author: Mr. Serhan Cevik
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 23

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Book Description
This paper investigates how housing prices respond to economic, financial and demographic conditions in emerging markets in Europe. We use quarterly data covering 10 countries over the period 1998–2022 and implement a panel quantile regression approach to obtain a granular analysis of real estate markets. Overall, economic, financial and demographic factors explain the changes in real house prices in emerging Europe, with income growth having the most significant impact. Quantile regression estimations show that income growth matters more for higher housing prices than those at the lower quantiles of the property market. We also find that an increase in short-term or long-term interest rates have a price-dampening impact, indicating that a higher cost of borrowing is associated with lower real house prices. These results indicate that the downturn in house prices could deepen with the looming economic recession and soaring interest rates.

Don't Look Up: House Prices in Emerging Europe

Don't Look Up: House Prices in Emerging Europe PDF Author: Mr. Serhan Cevik
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 23

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Book Description
This paper investigates how housing prices respond to economic, financial and demographic conditions in emerging markets in Europe. We use quarterly data covering 10 countries over the period 1998–2022 and implement a panel quantile regression approach to obtain a granular analysis of real estate markets. Overall, economic, financial and demographic factors explain the changes in real house prices in emerging Europe, with income growth having the most significant impact. Quantile regression estimations show that income growth matters more for higher housing prices than those at the lower quantiles of the property market. We also find that an increase in short-term or long-term interest rates have a price-dampening impact, indicating that a higher cost of borrowing is associated with lower real house prices. These results indicate that the downturn in house prices could deepen with the looming economic recession and soaring interest rates.

Rick Steves Eastern Europe

Rick Steves Eastern Europe PDF Author: Rick Steves
Publisher: Rick Steves
ISBN: 1641710918
Category : Travel
Languages : en
Pages : 1226

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Book Description
From romantic cities steeped in history to the stunning slopes of the Alps, get to know this exciting slice of Europe: with Rick Steves on your side, Eastern Europe can be yours! Inside Rick Steves Eastern Europe you'll find: Comprehensive coverage for spending two weeks or more exploring Eastern Europe Rick's strategic advice on how to get the most out of your time and money, with rankings of his must-see favorites Top sights and hidden gems, from the cobbles of bustling Bratislava, to country roads winding through the Julian Alps, to the striking chapels and cathedrals of Prague's Castle Quarter How to connect with culture: Bask in the energy of Kraków's Main Square Market, sample local wines from Hungarian vintners, or soak in the steamy thermal baths in Budapest Beat the crowds, skip the lines, and avoid tourist traps with Rick's candid, humorous insight The best places the eat, sleep, and relax Self-guided walking tours of lively neighborhoods and historic museums Detailed neighborhood maps for exploring on the go Useful resources including a packing list, phrase books, historical overviews, and recommended reading Over 1,000 bible-thin pages include everything worth seeing without weighing you down Complete, up-to-date information on the Czech Republic, Poland, Hungary, Slovenia, Austria, and Slovakia, plus side trips to Croatia, Bosnia-Herzegovina, Montenegro, Bulgaria, and Romania Make the most of every day and every dollar with Rick Steves Eastern Europe.

Determinants of House Prices in Central and Eastern Europe

Determinants of House Prices in Central and Eastern Europe PDF Author: Balázs Égert
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 34

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Book Description
This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing credit and demographic factors, have driven observed house prices in CEE. We show that house prices in CEE are determined to a large extent by the underlying conventional fundamentals and some transition-specific factors, in particular institutional development of housing markets and housing finance and quality effects.

Housing Markets and the Economy

Housing Markets and the Economy PDF Author: Karl E. Case
Publisher: Lincoln Inst of Land Policy
ISBN: 9781558441842
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.

The New Sporting Magazine

The New Sporting Magazine PDF Author:
Publisher:
ISBN:
Category : Hunting
Languages : en
Pages : 548

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Book Description


Appendix to the Journals of the House of Representatives of New Zealand

Appendix to the Journals of the House of Representatives of New Zealand PDF Author: New Zealand. Parliament. House of Representatives
Publisher:
ISBN:
Category : New Zealand
Languages : en
Pages : 1144

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Book Description


Monetary and Fiscal Policy

Monetary and Fiscal Policy PDF Author: Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs
Publisher: The Stationery Office
ISBN: 9780104005507
Category : Political Science
Languages : en
Pages : 452

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Book Description
Monetary and fiscal Policy : Present successes and future problems, 3rd report of session 2003-04, Vol. 2: Evidence

Real Estate Record and Builders' Guide

Real Estate Record and Builders' Guide PDF Author:
Publisher:
ISBN:
Category : Construction industry
Languages : en
Pages : 1110

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Book Description


The Ladies' Home Journal

The Ladies' Home Journal PDF Author:
Publisher:
ISBN:
Category : Women's periodicals
Languages : en
Pages : 662

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Book Description


Macroprudential Policies and Capital Controls Over Financial Cycles

Macroprudential Policies and Capital Controls Over Financial Cycles PDF Author: Maria Arakelyan
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 45

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Book Description
In this paper we assess the effectiveness of macroprudential policies and capital controls in supporting financial stability. We construct a large and granular dataset on prudential and capital flow management measures covering 53 countries during 1996-2016. Conditional on a credit boom, we study the impact of these policy measures on the probability of the credit boom ending in a bust. Our analysis suggests that macroprudential tools are effective from this perspective. If credit booms are accompanied by capital flow surges, in addition to macroprudential tools, capital controls on money market instruments including cross-border interbank lending tend to contribute to reducing the likelihood of a credit bust.