Hidden Bibliographic Details
| Other authors / contributors: | Lian, Weicheng, author.
Maseeh, Ashwaq, author.
International Monetary Fund. Middle East and Central Asia Department.
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| ISBN: | 1451918496
9781451918496
9781451874334
1451874332
1462314384
9781462314386
9786612844751
6612844752
128284475X
9781282844759
1452724822
9781452724829
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references (pages 27-28).
English.
Print version record.
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| Summary: | This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a downward price correction occurred in the housing market after 2007, which appears to have bottomed out; (iii) the rental market appears to be largely determined by region-specific economic fundamentals-a youthful working-age population and wealth variables; and (iv) a segregation between self-owned house and rental price dynamics exists in this region, rendering the former more sensitive to the business cycle.
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| Other form: | Print version: Beidas, S. (Samya). Housing cycle in emerging Middle Eastern economies and its macroeconomic policy implications. [Washington, D.C.] : International Monetary Fund, ©2009
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| Standard no.: | 10.5089/9781451918496.001
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