The Influence Of Financing On The Dynamics Of Housing Prices

Bełej Mirosław () and Kulesza Sławomir ()
Additional contact information
Bełej Mirosław: University of Warmia and Mazury in Olsztyn, Department of Land Management and Regional Development, Prawocheńskiego 15, 10-720 Olsztyn, Poland
Kulesza Sławomir: University of Warmia and Mazury in Olsztyn, Faculty of Mathematics and Computer Science, Słoneczna 54, 10710 Olsztyn, Poland

Folia Oeconomica Stetinensia, 2014, vol. 14, issue 2, 101-113

Abstract: Real estate market can be thought of as an open, dynamic system. It means that it is able to exchange stimuli with other open systems, and that its state evolves in a way that might be described mathematically. It turns out that two main processes contribute to the overall evolution of the real estate market: long-term, predictable evolution, interrupted by sharp changes of catastrophic origin. In this picture, national housing funds play an important role in supporting the housing finance: on one hand they could either stimulate or suppress the real estate market influencing the availability of the mortgage credit, but on the other hand, they could also help to stabilize prices. In this study, an attempt was made to determine the degree of relationship between the volume of mortgage financing from national housing funds and the dynamics of real estate prices.

Keywords: housing market; market financing; system dynamics (search for similar items in EconPapers)
JEL-codes: C51 R31 R32 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/foli-2015-0011 (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:foeste:v:14:y:2014:i:2:p:101-113:n:11

DOI: 10.1515/foli-2015-0011

Access Statistics for this article

Folia Oeconomica Stetinensia is currently edited by Waldemar Tarczyński

More articles in Folia Oeconomica Stetinensia from Sciendo
Bibliographic data for series maintained by Peter Golla ().