A Tale of Two Cities: is Overvaluation a Capital Issue?
Empirical evidence on what drives house prices, such as income changes, extrapolative expectations and differences in supply elasticities, is important. In many countries, house price movements in major cities such as the capital are more extreme and often seem to lead the rest of the country. This...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Book section |
| Published: |
Springer
2019
|