EU housing markets: the role of institutional factors

Martins, A. M., Serra, A. P., Martins, F. V. and Stevenson, S., (2015) EU housing markets: the role of institutional factors. Working Papers in Real Estate & Planning. 04/15. Working Paper. University of Reading, Reading. pp41.

Abstract/Summary

Using cluster analysis this study reveals significant heterogeneity in the institutional characteristics of European mortgage markets. Distinct clusters are formed which can be related to differences in the mortgage credit system, the relative importance of the owner-occupation and the property specific fiscal system. The paper then tests for multiple structural breaks. We find evidence that structural breaks in European housing markets often coincide with a changes in housing market policy.

Item Type	Report (Working Paper)
URI	https://reading-clone.eprints-hosting.org/id/eprint/40506
Item Type	Report
Divisions	Henley Business School > Real Estate and Planning
Uncontrolled Keywords	Housing Market; European Union; Structural Breaks; Institutional Factors
Publisher	University of Reading
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