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House Price Determinants in Selected Countries of the Former Soviet Union, Vahram Stepanyan, Tigran Poghosyan, Aidyn Bibolov

Abstract
This paper analyses the recent boom-bust cycle in the housing markets of selected Former Soviet Union (FSU) countries. The analysis is based on a newly constructed database on house prices in the FSU countries. Our estimations suggest that house price developments can largely be explained by the dynamics of fundamentals, such as GDP, remittances, and external financing. Overall, we find that deviations of house prices from their fundamentals have not been pronounced, suggesting that house price bubbles have not been formed in the FSU countries
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature Overview; III. Data and Methodology; IV. Estimation Results; V. Conclusions and Policy Recommendations; Footnotes
Language
eng
Literary Form
non fiction
Note
"April 2010."
Physical Description
1 online resource (26 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455200634

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