Housing market in Israel: Is there a bubble?

Fiche du document

Auteur
Date

19 mai 2017

Discipline
Type de document
Périmètre
Langue
Identifiant
Source

Apollo - Entrepôt de l'université de Cambridge

Collection

Cambridge University Library’s

Organisation

University of Cambridge

Mots-clés Und

house prices housing bubble cointegration Israel

Sujets proches En

Dwellings--Prices Home prices House prices Housing prices Residential real estate--Prices

Citer ce document

P Arestis, « Housing market in Israel: Is there a bubble? », Apollo - Entrepôt de l'université de Cambridge, ID : 10.17863/CAM.9793

Métriques

Partage / Export

Résumé 0

House prices in Israel have registered unprecedented growth rates in the last few years. At first glance, these hikes could be explained by the evolution of fundamentals such strong population growth and favourable macroeconomic conditions, i.e. low interest rates. However, further investigation is needed in order to explore whether there is a misalignment between house prices and their fundamentals. Firstly, this paper investigates the role of construction costs in the evolution of house prices. Secondly, this contribution decomposes the “price-to-rent” ratio into fundamentals, frictions and bubble episodes for a better understanding of the recent trends of the market.

document thumbnail

Par les mêmes auteurs

Sur les mêmes sujets

Sur les mêmes disciplines