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230404 ||| eng |
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|a 9798400227042
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| 100 |
1 |
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|a Cevik, Serhan
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| 245 |
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0 |
|a Don't Look Up: House Prices in Emerging Europe
|c Serhan Cevik, Sadhna Naik
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 23 pages
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| 651 |
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4 |
|a China, People's Republic of
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Interest rates
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| 653 |
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|a Inflation
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| 653 |
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|a Income
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| 653 |
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|a Real Estate
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Financial services
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| 653 |
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|a Deflation
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| 653 |
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|a Urban, Rural, and Regional Economics: Housing Demand
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| 653 |
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|a Housing Supply and Markets
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| 653 |
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|a Economics: General
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| 653 |
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|a Short term interest rates
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Informal sector; Economics
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Housing; Prices
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| 653 |
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|a Mortgages
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| 653 |
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|a National accounts
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Property & real estate
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| 653 |
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|a Price Level
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| 653 |
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|a Currency crises
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| 653 |
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|a Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Long term interest rates
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| 653 |
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|a Personal Income and Other Nonbusiness Taxes and Subsidies
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| 653 |
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|a Prices, Business Fluctuations, and Cycles: Other
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| 653 |
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|a Housing prices
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| 700 |
1 |
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|a Naik, Sadhna
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400227042.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2022/236/001.2022.issue-236-en.xml?cid=526281-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a 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
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