Are there signs of a bubble? : An analysis of the Luxembourg real estate market
Luxembourg has seen an unprecedented rise in homeownership prices in the last decade, hinting the existence of a speculatory bubble. Housing bubbles can have catastrophic effects on surrounding economies, so identifying them is paramount. This paper investigates Luxembourg’s housing prices and related factors in search for evidence of this bubble. The method consists of a two-stage econometric analysis of homeownership prices (dependent, HPI used for proxy) and its determining factors (independent, e.g. interest rates, incomes, population, etc.) spanning the last 15 years. First, all the time-... Mehr ...
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Dokumenttyp: | Student thesis |
Erscheinungsdatum: | 2021 |
Verlag/Hrsg.: |
Jönköping University
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Schlagwörter: | Real Estate Market / Bubbles / Cointegration / Economics / Nationalekonomi |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26741051 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-54332 |