04495oam 22011534 450 991078822100332120230721045650.01-4623-1438-497866128447511-282-84475-X1-4527-2482-21-4518-7433-2(CKB)3170000000055413(SSID)ssj0001477212(PQKBManifestationID)11812514(PQKBTitleCode)TC0001477212(PQKBWorkID)11452512(PQKB)11042499(OCoLC)680613501(MiAaPQ)EBC1606027(IMF)WPIEE2009288(EXLCZ)99317000000005541320020129d2009 uf 0engurcn|||||||||txtccrThe Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications /Samya Beidas-Strom, Weicheng Lian, Ashwaq MaseehWashington, D.C. :International Monetary Fund,2009.29 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1849-6 Includes bibliographical references and index.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.IMF Working Papers; Working Paper ;No. 2009/288HousingFinanceMiddle EastHousingPricesMiddle EastInfrastructureimfMacroeconomicsimfReal EstateimfIndustries: Financial ServicesimfHousing Supply and MarketsimfEconomic Development: Urban, Rural, Regional, and Transportation AnalysisimfHousingimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfMacroeconomics: ConsumptionimfSavingimfWealthimfPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)imfProperty & real estateimfFinanceimfEconomic growthimfHousing pricesimfConsumptionimfBusiness cyclesimfPricesimfSaving and investmentimfEconomicsimfKuwaitimfHousingFinanceHousingPricesInfrastructureMacroeconomicsReal EstateIndustries: Financial ServicesHousing Supply and MarketsEconomic Development: Urban, Rural, Regional, and Transportation AnalysisHousingBanksDepository InstitutionsMicro Finance InstitutionsMortgagesMacroeconomics: ConsumptionSavingWealthPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)Property & real estateFinanceEconomic growthHousing pricesConsumptionBusiness cyclesPricesSaving and investmentEconomicsBeidas-Strom Samya1509548Lian Weicheng1509549Maseeh Ashwaq1509550International Monetary Fund.DcWaIMFBOOK9910788221003321The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications3741514UNINA