Anti-money Laundering Regulations and House Prices in OECD Countries

Hassan Gholipour Fereidouni

ERES from European Real Estate Society (ERES)

Abstract: The purpose of this study is to investigate the relationship between anti-money laundering (AML) regulations and house prices in a sample of OECD economies over the period 2012–2023. Using panel fixed effects and the generalized method of moments (GMM) regressions, while controlling for key macroeconomic determinants of house prices, we find that house prices grow more slowly in economies with stronger AML regulations. The findings also show that when AML regulations are complemented by higher property taxes and stricter restrictions on foreign investment in real estate, their impact on house prices becomes more significant.

Keywords: foreign investment; House Prices; money laundering; property tax (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2025-01-01
New Economics Papers: this item is included in nep-ure
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