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document
De Vries, P. (author), Boelhouwer, P.J. (author)
The literature on housing markets suggest that periods of economic growth are characterised by a demand for better housing quality and increasing prices. The basic principles of the theory are that the short-run price fluctuations occur due to market imperfection, while over the long term, causality with such fundamentals as income will recover....
conference paper 2010
document
De Vries, P. (author), Boelhouwer, P.J. (author)
The literature on housing markets suggests that house prices in almost all western economies can be explained by short-run demand-oriented variables and a long- run term. The basic principles of the theory are that the short-run fluctuations, which are based on recent price developments (shocks), occur due to market imperfection, while over the...
journal article 2009