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Record Nr. |
UNINA9910788221003321 |
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Autore |
Beidas-Strom Samya |
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Titolo |
The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications / / Samya Beidas-Strom, Weicheng Lian, Ashwaq Maseeh |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-1438-4 |
9786612844751 |
1-282-84475-X |
1-4527-2482-2 |
1-4518-7433-2 |
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Descrizione fisica |
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Collana |
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Altri autori (Persone) |
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LianWeicheng |
MaseehAshwaq |
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Soggetti |
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Housing - Finance - Middle East |
Housing - Prices - Middle East |
Infrastructure |
Macroeconomics |
Real Estate |
Industries: Financial Services |
Housing Supply and Markets |
Economic Development: Urban, Rural, Regional, and Transportation Analysis |
Housing |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Macroeconomics: Consumption |
Saving |
Wealth |
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) |
Property & real estate |
Finance |
Economic growth |
Housing prices |
Consumption |
Business cycles |
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Prices |
Saving and investment |
Economics |
Kuwait |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Sommario/riassunto |
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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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