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House prices and long-term equilibrium in the regulated market of the Netherlands.
- Source :
- Housing Studies; 2018, Vol. 33 Issue 3, p408-432, 25p
- Publication Year :
- 2018
-
Abstract
- This paper establishes a simple affordability model that implicitly incorporates the major Dutch market features to elucidate long-run house prices under a regulatory environment. The results reveal a long-run relationship for house prices under strict regulations. The association among house prices, income, interest rates, and inflation is verified using an aggregated dataset. In the long-run, incomes and interest rates function as the two prime forces driving price dynamics, whereas the role of inflation is limited. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02673037
- Volume :
- 33
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Housing Studies
- Publication Type :
- Academic Journal
- Accession number :
- 129424558
- Full Text :
- https://doi.org/10.1080/02673037.2017.1346786