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The detrimental impacts of credit booms, property booms and firm over-leverage are well-established in a growing literature highlighting their effects on household consump- tion, firm investment and economic growth. The link between credit-fuelled property market booms and firms' ability to...
Persistent link: https://www.econbiz.de/10011082812
Asia is home to some of the fastest growing cities in the world. As urbanization increases, demand for housing also increases. Well functioning housing markets can minimize problems associated with rapid urbanization such as unaffordable housing and urban slums. This paper explores the different...
Persistent link: https://www.econbiz.de/10005092471
Conventional wisdom tells us that the price level of properties should be supported by the rent they receive. This paper examines the pricing factors of properties by analyzing how individuals allocate their income to housing consumption and other goods, which in turn become the rent (or...
Persistent link: https://www.econbiz.de/10005092507
E VANS A. W. (2003) The development of urban economics in the twentieth century, Reg. Studies 37 , 521-529. This paper was written to mark 25 years of the ESRC Urban and Regional Economics Workshop which began in 1976. The intellectual development of urban economics is traced from its early...
Persistent link: https://www.econbiz.de/10005278804
It is generally believed that the principles of modern portfolio theory (MPT) may be applicable to small direct property investments, to formulate an investment risk management strategy, which is embedded in the conceptual stages of the investment and thus reduce the reliance on often,...
Persistent link: https://www.econbiz.de/10010669618
This paper suggests that activities in the real estate markets in Southeast and East Asian economies were an important contributing force to the financial crises of 1997 in the Asian economies. The analysis relies upon unpublished data reported contemporaneously by financial institutions and...
Persistent link: https://www.econbiz.de/10010676361
financial service sector pays only incidental attention to the role of finance companies and other non-bank financial … finance company - Industrial Acceptance Corporation (IAC) - between the 1920s and 1970s. IAC began as a subsidiary of a US … finance company and grew to become one of Australia's leading and innovative finance companies. Based on hire purchase for …
Persistent link: https://www.econbiz.de/10005483310
The author proceeds from the belief that until now construction has passed through two stages of organization: vocational and industrial-scientific. Now construction production enters a third stage, which he defines as socio-cultural. In it the dominant role will fall to culture. The latter is...
Persistent link: https://www.econbiz.de/10011210640
In the mid-1980s fiscal incentives were introduced to encourage the construction and refurbishment of residential developments in declining inner city districts in Ireland. These were abolished in 2006 but, during the intervening period, their focus was extended to include: large towns; small...
Persistent link: https://www.econbiz.de/10010667399
Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject to significant spending pressures, reflecting unfavorable demographic trends and subdued growth prospects, and will require substantial structural reform. Priority...
Persistent link: https://www.econbiz.de/10011245500