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Determinants of house prices in Central and Eastern EuropeÉgert, Balázs ; Mihaljek, DubravkoThis 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.Type of material - book ; adult, seriousPublication and manufacture - Basel (Switzerland) : Bank for International Settlements, cop. 2007Language - englishCOBISS.SI-ID - 17636326
Author
Égert, Balázs |
Mihaljek, Dubravko
Other authors
Bank for International Settlements |
Monetary and Economic Dept
Collection
BIS working papers
Topics
Housing |
Prices |
Europe, Central |
Housing |
Prices |
Europe, Eastern |
Srednja Evropa |
Vzhodna Evropa |
OECD |
nepremičnine |
oblikovanje cene |
trg |
bruto domači proizvod |
obrestna mera |
krediti |
demografija |
Central Europe |
Eastern Europe |
OECD |
real estate |
pricing |
market |
gross domestic product |
interest rate |
credit |
demography |
demography
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Égert, Balázs | ![]() |
Mihaljek, Dubravko | ![]() |
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