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Report on residential real estate and financial stability in the EU, Section 1. on Structural features of residential real estate markets

Author

Listed:
  • Lojschova, Adriana
  • Wagner, Karin
  • Schmidt, Alexander
  • Akantziliotou, Calliope
  • Dujardin, Marine
  • Kennedy, Gerard
  • Pontuch, Peter

Abstract

The report investigates how structural features of, and cyclical developments in, residential real estate (RRE) markets in the EU may affect financial stability and how related risks can be addressed. The report is structured in four main sections covering: (i) an analysis of the structural features of RRE markets in Europe, (ii) the historical experience in Europe as regards financial stability risks emerging from the real estate sector, (iii) an investigation into the possible role of structural features of RRE markets in such risks, and (iv) the policy instruments that can be used to address the risks stemming from residential property markets.

Suggested Citation

  • Lojschova, Adriana & Wagner, Karin & Schmidt, Alexander & Akantziliotou, Calliope & Dujardin, Marine & Kennedy, Gerard & Pontuch, Peter, 2015. "Report on residential real estate and financial stability in the EU, Section 1. on Structural features of residential real estate markets," MPRA Paper 79723, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79723
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    File URL: https://mpra.ub.uni-muenchen.de/79723/1/2015-12-28_ESRB_report_on_residential_real_estate_andfinancial_stability.pdf
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    References listed on IDEAS

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    Cited by:

    1. Kelly, Jane & Mazza, Elena, 2019. "Mortgage servicing burdens and LTI caps," Financial Stability Notes 13/FS/19, Central Bank of Ireland.

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    More about this item

    Keywords

    financial stability; real estate sector;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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