The relationship between Portuguese economy indicators and housing prices

Detalhes bibliográficos
Autor(a) principal: Rehman, Saira
Data de Publicação: 2020
Outros Autores: Moutinho, Nuno, Alves, Jorge
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10198/27149
Resumo: The housing market is an important industry not only in a country’s economy but also for the living conditions of the population. Several studies explain how real estate is related to the main economic indicators of a country. Using the Engle-Granger cointegration methodology, this research studies the main drivers of the housing prices of a European country that suffered a financial crisis. Analysing the Portuguese housing market with quarterly data between 1998 and 2019, it is possible to show that in the long term, unemployment and interest rates are negatively related and that population, inflation and money supply are positively associated with housing prices. With this study, it is possible to conclude that economic issues are relevant to the housing market and mainly to home prices.
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spelling The relationship between Portuguese economy indicators and housing pricesHousing pricesLong-term effectsCointegrationEconomic factorsThe housing market is an important industry not only in a country’s economy but also for the living conditions of the population. Several studies explain how real estate is related to the main economic indicators of a country. Using the Engle-Granger cointegration methodology, this research studies the main drivers of the housing prices of a European country that suffered a financial crisis. Analysing the Portuguese housing market with quarterly data between 1998 and 2019, it is possible to show that in the long term, unemployment and interest rates are negatively related and that population, inflation and money supply are positively associated with housing prices. With this study, it is possible to conclude that economic issues are relevant to the housing market and mainly to home prices.Biblioteca Digital do IPBRehman, SairaMoutinho, NunoAlves, Jorge2023-02-23T15:51:58Z20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10198/27149engRehman, Saira; Moutinho, Nuno; Alves, Jorge (2020). The relationship between Portuguese economy indicators and housing prices. Journal of Spatial and Organizational Dynamics. VIII, p. 270 - 286info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-21T11:00:16Zoai:bibliotecadigital.ipb.pt:10198/27149Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T23:17:29.859405Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The relationship between Portuguese economy indicators and housing prices
title The relationship between Portuguese economy indicators and housing prices
spellingShingle The relationship between Portuguese economy indicators and housing prices
Rehman, Saira
Housing prices
Long-term effects
Cointegration
Economic factors
title_short The relationship between Portuguese economy indicators and housing prices
title_full The relationship between Portuguese economy indicators and housing prices
title_fullStr The relationship between Portuguese economy indicators and housing prices
title_full_unstemmed The relationship between Portuguese economy indicators and housing prices
title_sort The relationship between Portuguese economy indicators and housing prices
author Rehman, Saira
author_facet Rehman, Saira
Moutinho, Nuno
Alves, Jorge
author_role author
author2 Moutinho, Nuno
Alves, Jorge
author2_role author
author
dc.contributor.none.fl_str_mv Biblioteca Digital do IPB
dc.contributor.author.fl_str_mv Rehman, Saira
Moutinho, Nuno
Alves, Jorge
dc.subject.por.fl_str_mv Housing prices
Long-term effects
Cointegration
Economic factors
topic Housing prices
Long-term effects
Cointegration
Economic factors
description The housing market is an important industry not only in a country’s economy but also for the living conditions of the population. Several studies explain how real estate is related to the main economic indicators of a country. Using the Engle-Granger cointegration methodology, this research studies the main drivers of the housing prices of a European country that suffered a financial crisis. Analysing the Portuguese housing market with quarterly data between 1998 and 2019, it is possible to show that in the long term, unemployment and interest rates are negatively related and that population, inflation and money supply are positively associated with housing prices. With this study, it is possible to conclude that economic issues are relevant to the housing market and mainly to home prices.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01T00:00:00Z
2023-02-23T15:51:58Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10198/27149
url http://hdl.handle.net/10198/27149
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Rehman, Saira; Moutinho, Nuno; Alves, Jorge (2020). The relationship between Portuguese economy indicators and housing prices. Journal of Spatial and Organizational Dynamics. VIII, p. 270 - 286
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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