EU housing markets before financial crisis of 2008: The role of institutional factors and structural breaks

• Tipo: Artigo em Revista Científica Internacional
• Data: 2021

Autores

Martins, AM (Autor) Outra; Serra, AP (Autor) FEP; Francisco Vitorino Martins (Autor) FEP; Stevenson, S (Autor) Outra

Revista

Título: JOURNAL OF HOUSING AND THE BUILT ENVIRONMENT

Vol. 36 Nº 3

Páginas: 867-899

ISSN: 1566-4910

Indexação

ISI Web of Knowledge - 5 Citações

Scopus - 6 Citações

Outras Informações

ID Authenticus: P-00T-XNS

DOI: 10.1007/s10901-021-09848-7

Abstract (EN): We study if and how the structure of EU housing markets, particularly the role of structural breaks and the institutional characteristics of national residential mortgage markets across the EU countries affects the EU housing prices before the financial crisis of 2008. We document three main features: first, the institutional characteristics of residential mortgage markets differ markedly across EU countries; second, and according to a wide range of indicators, the increase of housing prices is significantly stronger in those countries where the credit policy characteristics are less conservative; third, for the majority of EU countries, we find evidence of structural breaks in EU housing markets that often coincide with a housing market policy change.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 33