The Structure of Housing Finance Markets and House Prices in Asia

Zhu, Haibin

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The Structure of Housing Finance Markets and House Prices in Asia

BIS Quarterly Review, December 2006

15 Pages Posted: 14 Jun 2012

See all articles by Haibin Zhu

Haibin Zhu

Bank for International Settlements (BIS)

Date Written: December 1, 2006

Abstract

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

Zhu, Haibin, The Structure of Housing Finance Markets and House Prices in Asia (December 1, 2006). BIS Quarterly Review, December 2006, Available at SSRN: https://ssrn.com/abstract=1632353