Dynamics of a Protected Housing Market: The Case of Switzerland

Karol Borowiecki

Economic Papers from Trinity College Dublin, Economics Department

Abstract: We analyze the determinants and dynamics of a highly protected housing market. Based on Swiss data for the time period 1990 to 2009 we model house prices and construction activity. We find that house prices exhibit a positive association with construction price, working age population as well as GDP and a negative with interest rates, whereas construction activity is positively related to working age population and GDP and negatively with construction price and interest rates. These estimates are broadly consistent with previous theoretical and empirical research.

Keywords: Housing demand; housing supply and markets (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2011-06, Revised 2011-10
New Economics Papers: this item is included in nep-ure
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https://www.tcd.ie/Economics/TEP/2011/TEP1011.pdf

Related works:
Journal Article: Dynamics of a Protected Housing Market: The Case of Switzerland (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduee:tep1011

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