The Real Estate and Credit Bubble in Spain; Implications for Poland
The aim of this article is to establish whether the symptoms of an emerging housing bubble can be observed on the Polish market. The concept of this study is based on a comparison between economic, financial and demographic conditions at the time of the mortgage crisis in Spain and the current situa...
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| Format: | Article |
| Language: | English |
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Warsaw University of Life Sciences Press
2019-06-01
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| Series: | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
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| Online Access: | https://prs.sggw.edu.pl/article/view/2645 |
| _version_ | 1826815556599152640 |
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| author | Zbigniew Korzeb |
| author_facet | Zbigniew Korzeb |
| author_sort | Zbigniew Korzeb |
| collection | DOAJ |
| description | The aim of this article is to establish whether the symptoms of an emerging housing bubble can be observed on the Polish market. The concept of this study is based on a comparison between economic, financial and demographic conditions at the time of the mortgage crisis in Spain and the current situation on the housing market and on the market of housing loans granted to households in Poland. An analysis of two economic indicators, (i) housing loans to households-to-GDP expressed in growth rates and (ii) rates of house price growth, does not indicate that a speculative bubble occurs in Poland now. This, however, does not mean that the conclusions drawn from the Spanish crisis cannot and should not have a bearing on the Polish market, especially in terms of potential consequences the crisis may have for the banking sector. |
| first_indexed | 2024-04-12T08:20:03Z |
| format | Article |
| id | doaj.art-9e629fffe33041adaf93100fd9a3eae0 |
| institution | Directory Open Access Journal |
| issn | 2081-6960 2544-0659 |
| language | English |
| last_indexed | 2025-02-16T04:55:42Z |
| publishDate | 2019-06-01 |
| publisher | Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| spelling | doaj.art-9e629fffe33041adaf93100fd9a3eae02025-02-04T10:43:10ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592019-06-0119210.22630/PRS.2019.19.2.25The Real Estate and Credit Bubble in Spain; Implications for PolandZbigniew Korzeb0Bialystok University of Technology, PolandThe aim of this article is to establish whether the symptoms of an emerging housing bubble can be observed on the Polish market. The concept of this study is based on a comparison between economic, financial and demographic conditions at the time of the mortgage crisis in Spain and the current situation on the housing market and on the market of housing loans granted to households in Poland. An analysis of two economic indicators, (i) housing loans to households-to-GDP expressed in growth rates and (ii) rates of house price growth, does not indicate that a speculative bubble occurs in Poland now. This, however, does not mean that the conclusions drawn from the Spanish crisis cannot and should not have a bearing on the Polish market, especially in terms of potential consequences the crisis may have for the banking sector.https://prs.sggw.edu.pl/article/view/2645mortgage crisisbanking sectorcommercial banksfinancial stabilitySpainPoland |
| spellingShingle | Zbigniew Korzeb The Real Estate and Credit Bubble in Spain; Implications for Poland Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego mortgage crisis banking sector commercial banks financial stability Spain Poland |
| title | The Real Estate and Credit Bubble in Spain; Implications for Poland |
| title_full | The Real Estate and Credit Bubble in Spain; Implications for Poland |
| title_fullStr | The Real Estate and Credit Bubble in Spain; Implications for Poland |
| title_full_unstemmed | The Real Estate and Credit Bubble in Spain; Implications for Poland |
| title_short | The Real Estate and Credit Bubble in Spain; Implications for Poland |
| title_sort | real estate and credit bubble in spain implications for poland |
| topic | mortgage crisis banking sector commercial banks financial stability Spain Poland |
| url | https://prs.sggw.edu.pl/article/view/2645 |
| work_keys_str_mv | AT zbigniewkorzeb therealestateandcreditbubbleinspainimplicationsforpoland AT zbigniewkorzeb realestateandcreditbubbleinspainimplicationsforpoland |