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Immobilienpreise, Hypothekarkredite und Wohnbauinvestitionen

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Abstract

This study investigates the extent to which transformation of mortgage credit into real estate investment is influenced by various factors such as property prices and mortgage interest rates. Our analysis also attempts to clarify if mortgage credit might have been a contributing factor to the rising property prices in Switzerland. Our results show that despite the increased liquidity in Swiss banks following the financial crisis and low mortgage interest rates, the contribution of banks to the formation of a real estate bubble has been rather modest.

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  • Banu Simmons-Süer, 2013. "Immobilienpreise, Hypothekarkredite und Wohnbauinvestitionen," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 7(3), pages 119-131, September.
    • Handle: RePEc:kof:anskof:v:7:y:2013:i:3:p:119-131
    DOI: 10.3929/ethz-a-005427569
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    More about this item

    Keywords

    Real estate prices; Mortgage lending; Residential investment;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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