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Using a cross-country dataset for 13 developed economies spanning from 1950 to 2012, we argue that the overall effect of the demographic transition on house prices has been negative. Extrapolating… Click to show full abstract
Using a cross-country dataset for 13 developed economies spanning from 1950 to 2012, we argue that the overall effect of the demographic transition on house prices has been negative. Extrapolating the historical relationship into the future, demographic downward pressure on house prices is likely to intensify.
Keywords:
house prices;
change house;
headwind tailwind;
prices headwind;
house;
demographic change
Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!