01889cas a2200265 a 4500 AALejournalIMF006201 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874334 1018-5941 BD-DhAAL BD-DhAAL Beidas-Strom, Samya. The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications / Samya Beidas-Strom, Weicheng Lian, Ashwaq Maseeh. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (29 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 This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a downward price correction occurred in the housing market after 2007, which appears to have bottomed out; (iii) the rental market appears to be largely determined by region-specific economic fundamentals-a youthful working-age population and wealth variables; and (iv) a segregation between self-owned house and rental price dynamics exists in this region, rendering the former more sensitive to the business cycle. Mode of access: Internet Lian, Weicheng. Maseeh, Ashwaq. IMF Working Papers; Working Paper ; No. 2009/288 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/288/001.2009.issue-288-en.xml IMF e-Library