Eres : Digital Library : Works

Paper eres2008_250:
THE IMPACT OF MORTGAGES, HOUSE PRICES AND RENTS ON HOUSEHOLD CONSUMPTION IN THE CZECH REPUBLIC

id eres2008_250
authors Sec, Rastislav; Petr Zemcik
year 2008
title THE IMPACT OF MORTGAGES, HOUSE PRICES AND RENTS ON HOUSEHOLD CONSUMPTION IN THE CZECH REPUBLIC
source Book of Abstracts: 15th Annual European Real Estate Society Conference in Kraków, Poland
summary We empirically investigate the effect of changes in mortgage payments, housing prices and rents on consumption in the Czech Republic. We combine household expenditure survey data with regional data on apartment prices, which results in a unique micro- level dataset. We find that higher real estate prices result in a consumption increase for apartment owners; higher rents imply a consumption reduction for renters.
series ERES:conference
email petr.zemcik@cerge-ei.cz
discussion No discussions. Post discussion ...
ratings
session I4
last changed 2008/11/26 14:05
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