Housing market in Baltic countries: business as usual?

Angelika Kallakmaa

ERES from European Real Estate Society (ERES)

Abstract: The economy of Baltic countries has quickly adjusted to new circumstances brought about by the global crisis. Despite of recovering of economy the growth has remained slow. The housing market and financial sector are tightly connected. Different factors influence the average housing prices, but there is always a link between credit and house prices. For example the housing boom in Estonia was mostly driven by a large credit supply and favourable loan conditions. Household’s financial situation in Baltic countries has improved and the stock of housing loans is growing. The aim of this paper is to outline the dynamics of the housing market after the crisis and compare the situation in Baltic countries.

Keywords: Baltic; Estonia; Housing; housing loan (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017-07-01
New Economics Papers: this item is included in nep-cis
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2017-247 (text/html)
https://eres.architexturez.net/system/files/247.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2017_247

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().