Transition and Integration Effects in the Baltic Housing Markets: The Dipasquale-Wheaton Approach

Borgersen Trond-Arne () and King Roswitha M.
Additional contact information
Borgersen Trond-Arne: Østfold University College, Halden, Norway
King Roswitha M.: Østfold University College, Halden, Norway

Baltic Journal of Real Estate Economics and Construction Management, 2024, vol. 12, issue 1, 285-306

Abstract: This paper analyses housing market developments in the Baltic States using a price-rent (PR) adjusted version of the DiPasquale-Wheaton (DPW) model as a frame of reference. Relating housing markets in Estonia, Latvia and Lithuania to the boom, the bust and the recovery after the financial crisis in 2007/2008, the paper discusses the interrelations between the different parts of the housing market system. Transition involves structural shifts, and the links between rental housing, owner-occupied housing and the housing construction industry might differ in the Baltics compared to mature economies, differences originating especially on the supply side of housing markets. As the Baltics are integrating their economies with the EU, housing markets may also be affected by the integration process, a process that includes factors both on the financial side and on the real side of the economy.

Keywords: Baltic States; housing prices; transition; economic integration; DiPasquale-Wheaton (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/bjreecm-2024-0019 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:12:y:2024:i:1:p:285-306:n:1019

DOI: 10.2478/bjreecm-2024-0019

Access Statistics for this article

Baltic Journal of Real Estate Economics and Construction Management is currently edited by Ineta Geipele

More articles in Baltic Journal of Real Estate Economics and Construction Management from Sciendo
Bibliographic data for series maintained by Peter Golla ().