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Detecting housing bubbles in Poland

Author

Listed:
  • Radoslaw Trojanek

Abstract

The paper investigates Poland's potential house price bubbles from Q1 1996 to Q1 2024 using new house and rent price indices based on over 4 million listings. The recursive housing bubble identification procedures developed by Phillips, Shi, and Yu (2015) test will be used to test whether the explosive behaviour of house prices in Poland is linked to household incomes and rents. Earlier studies confirmed explosive house price behaviour during the 2006–2007 period, which was not justified by fundamentals on the city level. The paper aims to investigate the phenomenon of a longer time and aggregated housing price data in Poland.

Suggested Citation

  • Radoslaw Trojanek, 2024. "Detecting housing bubbles in Poland," ERES eres2024-213, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2024-213
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-213
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    More about this item

    Keywords

    Bubbles; House Price Indices; Housing Prices; rental indices;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

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