The Structure of Housing Finance Markets and House Prices in Asia
15 Pages Posted: 14 Jun 2012
Date Written: December 1, 2006
Emerging Asia has witnessed rapid growth of private housing and market-based housing finance in the past decade; nevertheless, market development has been uneven across countries. There is evidence that, in those economies with more flexible housing finance markets, house prices are more responsive to overall changes in market conditions, particularly equity price movements.
JEL Classification: G12, G21, O53
Suggested Citation: Suggested Citation