House Price Developments in Europe: A Comparison

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 income and tr...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:IMF working paper 2008, Vol.8 (211), p.1
1. Verfasser: Hilbers, Paul
Format: Artikel
Sprache:eng
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page
container_issue 211
container_start_page 1
container_title IMF working paper
container_volume 8
creator Hilbers, Paul
description 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
doi_str_mv 10.5089/9781451870695.001
format Article
fullrecord <record><control><sourceid>econis_cross</sourceid><recordid>TN_cdi_crossref_primary_10_5089_9781451870695_001</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>1838812318</sourcerecordid><originalsourceid>FETCH-LOGICAL-c1581-de63593b102116209c191687ec3d1d96bb563da75ab63a9b7422aca0bfd93bda3</originalsourceid><addsrcrecordid>eNpVz01Lw0AUheFZKFirP8BdcJ9670zmaym1WqGgi3Y9zMcNRNokzFjBf2-kgnR1Vs-Bl7E7hIUEYx-sNthINBqUlQsAvGAzBDS1tA1esetSPgCk4NzM2P16OBaq3nMXqXqiL9oP44H6z1J1fbU65mGkG3bZ-n2h27-ds93zartc15u3l9fl46aOKA3WiZSQVgQEjqg42IgWldEURcJkVQhSieS19EEJb4NuOPfRQ2jTpJIXc4an35iHUjK1bszdwedvh-B-w9xZmJvCJlOdDMWh78q_MMIY5GLaH0YjSzU</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>House Price Developments in Europe: A Comparison</title><source>Alma/SFX Local Collection</source><creator>Hilbers, Paul</creator><creatorcontrib>Hilbers, Paul ; HShi@imf.org ; ABanerji@imf.org ; PHilbers@imf.org ; AHoffmaister@imf.org</creatorcontrib><description>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</description><identifier>ISSN: 1018-5941</identifier><identifier>DOI: 10.5089/9781451870695.001</identifier><language>eng</language><publisher>Washington, D.C: International Monetary Fund</publisher><ispartof>IMF working paper, 2008, Vol.8 (211), p.1</ispartof><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c1581-de63593b102116209c191687ec3d1d96bb563da75ab63a9b7422aca0bfd93bda3</citedby><cites>FETCH-LOGICAL-c1581-de63593b102116209c191687ec3d1d96bb563da75ab63a9b7422aca0bfd93bda3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,777,781,4010,27904,27905,27906</link.rule.ids></links><search><creatorcontrib>Hilbers, Paul</creatorcontrib><creatorcontrib>HShi@imf.org</creatorcontrib><creatorcontrib>ABanerji@imf.org</creatorcontrib><creatorcontrib>PHilbers@imf.org</creatorcontrib><creatorcontrib>AHoffmaister@imf.org</creatorcontrib><title>House Price Developments in Europe: A Comparison</title><title>IMF working paper</title><description>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</description><issn>1018-5941</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2008</creationdate><recordtype>article</recordtype><recordid>eNpVz01Lw0AUheFZKFirP8BdcJ9670zmaym1WqGgi3Y9zMcNRNokzFjBf2-kgnR1Vs-Bl7E7hIUEYx-sNthINBqUlQsAvGAzBDS1tA1esetSPgCk4NzM2P16OBaq3nMXqXqiL9oP44H6z1J1fbU65mGkG3bZ-n2h27-ds93zartc15u3l9fl46aOKA3WiZSQVgQEjqg42IgWldEURcJkVQhSieS19EEJb4NuOPfRQ2jTpJIXc4an35iHUjK1bszdwedvh-B-w9xZmJvCJlOdDMWh78q_MMIY5GLaH0YjSzU</recordid><startdate>2008</startdate><enddate>2008</enddate><creator>Hilbers, Paul</creator><general>International Monetary Fund</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>2008</creationdate><title>House Price Developments in Europe</title><author>Hilbers, Paul</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c1581-de63593b102116209c191687ec3d1d96bb563da75ab63a9b7422aca0bfd93bda3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2008</creationdate><toplevel>online_resources</toplevel><creatorcontrib>Hilbers, Paul</creatorcontrib><creatorcontrib>HShi@imf.org</creatorcontrib><creatorcontrib>ABanerji@imf.org</creatorcontrib><creatorcontrib>PHilbers@imf.org</creatorcontrib><creatorcontrib>AHoffmaister@imf.org</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><jtitle>IMF working paper</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Hilbers, Paul</au><aucorp>HShi@imf.org</aucorp><aucorp>ABanerji@imf.org</aucorp><aucorp>PHilbers@imf.org</aucorp><aucorp>AHoffmaister@imf.org</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>House Price Developments in Europe: A Comparison</atitle><jtitle>IMF working paper</jtitle><date>2008</date><risdate>2008</risdate><volume>8</volume><issue>211</issue><spage>1</spage><pages>1-</pages><issn>1018-5941</issn><abstract>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</abstract><cop>Washington, D.C</cop><pub>International Monetary Fund</pub><doi>10.5089/9781451870695.001</doi><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 1018-5941
ispartof IMF working paper, 2008, Vol.8 (211), p.1
issn 1018-5941
language eng
recordid cdi_crossref_primary_10_5089_9781451870695_001
source Alma/SFX Local Collection
title House Price Developments in Europe: A Comparison
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-20T15%3A52%3A25IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-econis_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=House%20Price%20Developments%20in%20Europe:%20A%20Comparison&rft.jtitle=IMF%20working%20paper&rft.au=Hilbers,%20Paul&rft.aucorp=HShi@imf.org&rft.date=2008&rft.volume=8&rft.issue=211&rft.spage=1&rft.pages=1-&rft.issn=1018-5941&rft_id=info:doi/10.5089/9781451870695.001&rft_dat=%3Ceconis_cross%3E1838812318%3C/econis_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_id=info:pmid/&rfr_iscdi=true