European Parliament Library

France :, Financial Sector Assessment Program—Technical Note on Housing Prices and Financial Stability

Abstract
This technical note examines housing prices and financial stability in France. The note highlights that sharply rising housing prices have caused concerns about mortgage credit risk and the stability of the financial system, particularly if the macroeconomic environment were to deteriorate further. France’s housing market proved resilient during the crisis, declining by about 9 percent from its precrisis peak before rebounding since mid-2009 to surpass its precrisis peak. This resilience has reflected a confluence of fundamental, macroeconomic, financial, and asset allocation factors that have caused the demand for housing to remain well in excess of supply
Table Of Contents
Cover; Contents; Glossary; A; B; C; D; E; F; G; I; L; M; N; O; P; S; U; I. Introduction; II. Housing Market; Boxes; 1. The Global Financial Crisis; Tables; 1. EPRA Global Listed Real Estate Indices: Yield and Market Value Capitalization, May 2012; III. The Mortgage Market and Risks to Financial Stability; 2. Tax Policy-Related Elements; 3. Covered Bond Market; 4. France's Vulnerability to a House Price Decline; IV. Policy Conclusions and Implications for Policy Tools; 2. Concordance between French Housing Cycles and Selected Advanced Countries' Cycles; References; Appendix Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484334898

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