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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.

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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)
Divisions:Henley Business School > Real Estate and Planning
ID Code:40506
Uncontrolled Keywords:Housing Market; European Union; Structural Breaks; Institutional Factors
Publisher:University of Reading
Publisher Statement:The copyright of each paper remain with the author. If you wish to quote from or cite any paper please contact the appropriate author. In some cases a more recent version of the paper may have been published elsewhere.


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