Housing prices, business cycle, TOM and energy efficiency in Bucharest

Paloma Taltavull de La Paz, Ion Anghel, Stanley McGreal and Costin Ciora

ERES from European Real Estate Society (ERES)

Abstract: This paper analyses the role of business cycle to determine TOM in Bucharest housing market. It explores the relationship between TOM and the price levels in order to identify whether TOM varies depending on the housing quality (revealed by price level) and with the cyclical moment. The database covers 2013-2016 which includes the economic recovery after financial crisis. Data contains more than 32 thousand of microdata with housing transaction in Bucharest city including information about the energy efficiency level in the building.

Keywords: business cycle; Housing Prices (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2018-01-01
New Economics Papers: this item is included in nep-ene, nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2018_143

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