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Tu, Q. (author), de Haan, J. (author), Boelhouwer, P.J. (author)This paper establishes a simple affordability model that implicitly incorporates the major Dutch market features to elucidate long-run house prices under a regulatory environment. The results reveal a long-run relationship for house prices under strict regulations. The association among house prices, income, interest rates, and inflation is...journal article 2017
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Tu, Q. (author), de Haan, J. (author), Boelhouwer, P.J. (author)House price modeling has been frequently used to investigate the dynamics of housing markets, especially competitive markets; yet less attention has been given to markets that have experienced considerable interventions. The aim of this study is to demonstrate a mismatch between conventional house price models and the case of the Netherlands...journal article 2016
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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