Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland

Magdalena Grothe

Gospodarka Narodowa. The Polish Journal of Economics, 2020, issue 2, 5-24

Abstract: This paper applies a framework for monitoring vulnerabilities in the residential real estate sector to the case of Poland. The framework considers indicators across three dimensions of real estate-related vulnerabilities, i.e. valuation, household indebtedness and the bank credit cycle, and builds a composite model-free measure shown to have a significant forecasting performance for real estate crises. The paper shows how the monitoring can be implemented for the Polish market, discusses the developments from a historical perspective, and highlights remaining data gaps.

Keywords: real estate vulnerabilities; real estate market in Poland; risk monitoring; real estate crises (search for similar items in EconPapers)
JEL-codes: E32 R31 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sgh:gosnar:y:2020:i:2:p:5-24

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