House prices and long-term equilibrium in the regulated market of the Netherlands

    Research output: Contribution to journalArticleScientificpeer-review

    4 Citations (Scopus)
    58 Downloads (Pure)

    Abstract

    This paper establishes a simple affordability model that implicitly incorporates the major Dutch market features to elucidate long-run house prices under a regulatory environment. The results reveal a long-run relationship for house prices under strict regulations. The association among house prices, income, interest rates, and inflation is verified using an aggregated dataset. In the long-run, incomes and interest rates function as the two prime forces driving price dynamics, whereas the role of inflation is limited.

    Original languageEnglish
    Pages (from-to)1-25
    JournalHousing Studies
    DOIs
    Publication statusE-pub ahead of print - 18 Jul 2017

    Keywords

    • House prices
    • long-run equilibrium
    • regulations
    • the Netherlands

    Fingerprint Dive into the research topics of 'House prices and long-term equilibrium in the regulated market of the Netherlands'. Together they form a unique fingerprint.

    Cite this