01902cas a2200277 a 4500 AALejournalIMF005330 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870695 1018-5941 BD-DhAAL BD-DhAAL Hilbers, Paul. House Price Developments in Europe : A Comparison / Paul Hilbers, Angana Banerji, Haiyan Shi, Willy Hoffmaister. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (64 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem relatively more susceptible to adverse developments in fundamentals. Real house price declines among the slow movers are harder to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy decisions. Mode of access: Internet Banerji, Angana. Hoffmaister, Willy. Shi, Haiyan. IMF Working Papers; Working Paper ; No. 2008/211 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/211/001.2008.issue-211-en.xml IMF e-Library