When is a housing market overheated enough to threaten stability?
In many countries, house prices are subject to boom/bust cycles and in some these are linked to severe economic and financial instability. Overheating can have both a price and a quantity dimension, but it is likely that they are linked by common drivers. However, much depends on the land-use plan...
| Հիմնական հեղինակ: | |
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| Ձևաչափ: | Working paper |
| Հրապարակվել է: |
University of Oxford
2012
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