Relevant bibliographies by topics / House price-to-rent ratio

Contents

  1. Journal articles
  2. Dissertations / Theses

Academic literature on the topic 'House price-to-rent ratio'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the lists of relevant articles, books, theses, conference reports, and other scholarly sources on the topic 'House price-to-rent ratio.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Journal articles on the topic "House price-to-rent ratio"

1

Chinloy, Peter, Man Cho, Cheng Jiang, and Inho Song. "Housing Returns with Mortgage and Price Shocks." Journal of Real Estate Research 42, no. 1 (2020): 105–24. http://dx.doi.org/10.22300/0896-5803.42.1.105.

Full text
Abstract:
We examine the sum of the net rent-price ratio plus the expected real capital gains, which is the real return to holding a house. The rent-price ratio depends on expectations about interest rates, inflation, and real house prices. The shock coefficients are their incidences, which are the proportions of risk that occupants bear. Occupants are on the demand side, as tenants or owners. For U.S. houses with quarterly data between 1981 and 2016, these incidences are below 0.15, limiting rent-price volatility. The low-volatility yield forces real capital gains to near zero, leading houses to bond-like returns.
APA, Harvard, Vancouver, ISO, and other styles
2

Cronin, David, and Kieran McQuinn. "Credit availability, macroprudential regulations and the house price-to-rent ratio." Journal of Policy Modeling 38, no. 5 (2016): 971–84. http://dx.doi.org/10.1016/j.jpolmod.2016.06.002.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Borgersen, Trond-Arne. "Loan-to-value and the price-rent ratio." Journal of European Real Estate Research 13, no. 2 (2020): 149–59. http://dx.doi.org/10.1108/jerer-12-2019-0053.

Full text
Abstract:
Purpose The purpose of this paper is to highlight the relation between the loan-to-value (LTV) ratio and the price-rent (PR) ratio. The paper intends to relate the PR-ratio to housing return and the potential for a leverage gain in housing investments by considering the funding structure of housing investments. Design/methodology/approach Combining a PR-ratio approach with the housing return in the case of mortgage-financed housing, as presented by Borgersen and Greibrokk (2012), this paper relates LTV to the PR-ratio. Findings When formalising the relationship between leverage and housing return, as given by Muellbauer and Murphy (1997), the paper finds the effect of a higher LTV on the user cost of housing as the net effect of a higher borrowing cost and the associated leverage gain. The latter depends on the relationship between house price growth and the mortgage rate and, because the leverage gain has an ambiguous effect on the user cost of housing, the relation between the LTV-ratio and the PR-ratio is context-specific. Originality/value The paper aims to contribute to the literature on PR ratios in two ways. First, by explicitly including the LTV-ratio in the user cost of mortgage financed housing and, correspondingly, in the PR-ratio derived from the user cost. Second, by including the funding structure of housing investments the expression for the capital gain, which often is discussed in the PR-ratio literature, is related to the funding structure and includes both a price gain and a leverage gain.
APA, Harvard, Vancouver, ISO, and other styles
4

Lin, Che-Chun, and I.-Chun Tsai. "HOUSE PRICES, RENTAL COSTS, AND MORTGAGE INTEREST RATES." International Journal of Strategic Property Management 25, no. 5 (2021): 356–68. http://dx.doi.org/10.3846/ijspm.2021.14966.

Full text
Abstract:
Studies have typically adopted the price-rent ratio to determine whether housing exuberance exists and the periods of imbalance between house prices and rental costs. Using the price-rent ratio to conduct tests without considering the effects of mortgage interest rates on user costs may overestimate episodes of exuberance. This study uses data of the overall housing market and those of 10 major metropolitan statistical areas (MSAs) in the United States from 1979Q1 to 2018Q1 to evaluate whether housing exuberance exists in the markets; the results indicate that all the MSAs experienced episodes of exuberance at different times and the overall housing U.S. market was overheated from 1998Q2 to 2007Q3. By considering mortgage rates and using the user-cost-rent ratio, we further determine that short-term housing exuberance emerged in only two MSAs, Los Angeles and Miami, in 2006Q2, which was followed by immediate corrections. Thus, the research results of this study signify that only use the price-rent ratio to determine whether or not rational housing tenure choice made by traders exists is not sufficient. This study provides evidence showing that the method incorporating mortgage interest rates tends to obtain an equilibrium relationship between the rental and housing markets, indicating interest rates play an important role in housing tenure choice.
APA, Harvard, Vancouver, ISO, and other styles
5

McQuinn, Kieran, Teresa Monteiro, and Conor O’Toole. "House Price Expectations, Labour Market Developments and the House Price to Rent Ratio: A User Cost of Capital Approach." Journal of Real Estate Finance and Economics 62, no. 1 (2019): 25–47. http://dx.doi.org/10.1007/s11146-019-09731-x.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Makojević, Nikola, Petar Veselinović, and Ljubina Kalinić. "Can a Multinational Company Create a Real Estate “Bubble” at the Local Level? The Case of Fiat and City of Kragujevac." Economic Themes 53, no. 4 (2015): 519–34. http://dx.doi.org/10.1515/ethemes-2015-0030.

Full text
Abstract:
Abstract The aim of the paper is to analyze the recent dramatic increase in housing prices in Kragujevac, related to the opening of a multinational company facility. The main question is whether increasing house prices have been driven by market fundamentals or by speculative behaviour of the market players. We have decomposed variables influencing house prices in Kragujevac into supply and demand driven fundamentals to explore speculative ‘bubbles’ and detected the evidence of irrationally exuberant investors (constructors and buyers). The findings show a lack of rational behaviour among market players, absence of fundamentaldriven influence on real estate prices and expectancy-driven prices. The main characteristic is a strong relationship between price and rental price with no significant change in price-rent ratio.
APA, Harvard, Vancouver, ISO, and other styles
7

Arestis, Philip, and Rosa Gonzalez-Martinez. "Housing market in Israel: Is there a bubble?" Panoeconomicus 64, no. 1 (2017): 1–16. http://dx.doi.org/10.2298/pan1701001a.

Full text
Abstract:
House prices in Israel have registered unprecedented growth rates in the last few years. At first glance, these hikes could be explained by the evolution of fundamentals such strong population growth and favourable macroeconomic conditions, i.e. low interest rates. However, further investigation is needed in order to explore whether there is a misalignment between house prices and their fundamentals. Firstly, this paper investigates the role of construction costs in the evolution of house prices. Secondly, this contribution decomposes the ?price-to-rent? ratio into fundamentals, frictions and bubble episodes for a better understanding of the recent trends of the market.
APA, Harvard, Vancouver, ISO, and other styles
8

Berk, Niyazi, Sabriye Biçen, and Nadire Seyidova. "Study on Measuring of Real Estate Speculative Bubble: Evidence from Turkey." European Journal of Multidisciplinary Studies 5, no. 1 (2017): 334. http://dx.doi.org/10.26417/ejms.v5i1.p334-338.

Full text
Abstract:
The investor's expectation of future price increases on real estate is causing to further rise of prices. In the 1990s, Turkey’s real estate price / rental income ratio was around 10, now is between 17-20 years. On the other hand, as a result of insufficient innovation and incentive application of industry, some companies have left their core activity and moved to the consruction industry. Studies using time series analysis with Turkey’s data show that GDP growth and interest rates have a great impact on investment decisions of consruction companies. Using Turkstat, Bloomberg and Eurostat data, the empirical part of this study present the relationship between interest rate and GDP growth and consruction investments. The analysis will continue with cross-city-time-series analysis for a sample of 4 well-developed cities of turkey, in terms of construction investments. Finally, measuring the price-to-earnings ratio, the home price-to-rent ratio, the gross rental yield and the house ownership ratio will be compared to those of the metropolitan cities in Europe, whether there is a real estate bubble in Turkey or not.
APA, Harvard, Vancouver, ISO, and other styles
9

Asal, Maher. "Is there a bubble in the Swedish housing market?" Journal of European Real Estate Research 12, no. 1 (2019): 32–61. http://dx.doi.org/10.1108/jerer-03-2018-0013.

Full text
Abstract:
Purpose This paper aims to investigate the presence of a housing bubble using Swedish data from 1986Q1-2016Q4 by using various methods. Design/methodology/approach First, the authors use affordability indicators and asset-pricing approaches, including the price-to-income ratio, price-to-rent ratio and user cost, supplemented by a qualitative discussion of other factors affecting house prices. Second, the authors use cointegration techniques to compute the fundamental (or long-run) price, which is then compared with the actual price to test the degree of Sweden’s housing price bubble during the studied period. Third, they apply the univariate right-tailed unit root test procedure to capture bursting bubbles and to date-stamp bubbles. Findings The authors find evidence for rational housing bubbles with explosive behavioral components beginning in 2004. These bubbles do not continuously diverge but instead periodically revert to their fundamental value. However, the deviation is persistent, and without any policy correction, it takes decades for real house prices to return to equilibrium. Originality/value The policy implication is that monetary policy designed to contain mortgage demand and thereby prevent burst episodes in the housing market must address external imbalances, as revealed in real exchange rate undervaluation. It is unlikely that current policies will stop the rise of house prices, as the growth of mortgage credit, improvement in Sweden’s international competitiveness and the path of interest rates are much more important factors.
APA, Harvard, Vancouver, ISO, and other styles
10

Peng, Ti-Ching, and Chien-Fu Chen. "The effect of quality determinants on house prices of eight capital cities in Australia." International Journal of Housing Markets and Analysis 9, no. 3 (2016): 355–75. http://dx.doi.org/10.1108/ijhma-06-2015-0028.

Full text
Abstract:
Purpose This paper aims to examine the effects of “quality” as well as fundamentals on house prices in eight capital cities in Australia from 1985-2011. Two types of quality are considered: housing quality, proxied by “value of alterations and additions”, “value of new residential buildings”, “floor area” and “site area”; and living environment quality, proxied by “overall crime rate”. Design/methodology/approach The application of dynamic panel model, in which the lagged values of house prices are considered, is to reveal the dynamic persistence of house prices over time and to investigate the heterogeneity of house prices across cities in Australia. Findings Fundamental variables including “unemployment rate”, introduction of “GST” (Goods and Service Tax), “real mortgage rate” and “price-to-rent ratio” demonstrated their consistent and expected effects on property prices in Australia. More importantly, “value of new residential buildings” – indicating housing quality – and “overall crime rate” – representing environmental living quality – also demonstrated statistically significant effects on house prices. Originality/value As one of the few studies that attempt to take housing/living-environment quality into account in analysing house prices, it gives households, researchers and policy-makers a better understanding of the role of “quality” in the variation of house prices.
APA, Harvard, Vancouver, ISO, and other styles
More sources

Dissertations / Theses on the topic "House price-to-rent ratio"

1

Otterström, Oscar, and Niclas Vahlberg. "Overheated or Stable? : An Analysis Ff The Swedish Housing Market." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-13758.

Full text
Abstract:
The Swedish housing market has been subject to extensive attention in the media recently, and the existence of a housing bubble has been questioned. The purpose of this thesis is to analyse the Swedish housing market to investigate if there are reasons to believe that the market is overvalued. The current situation in the housing market will be compared to the United States market prior to the crash of 2007. The models that are used in the paper is the house price-to-income, price-to-rent and imputed rent-to-rent. Other fundamental factors such as rent control, household debt, interest rates, and other policies effecting the housing market will be discussed. The main findings indicate that the Swedish housing market in 2010 is overvalued, however one has to consider that there are limitations to these models such as the extra benefits of owning a house compared to renting.
APA, Harvard, Vancouver, ISO, and other styles
2

Vahlberg, Niclas, and Oscar Otterström. "Overheated or Stable? : An analysis of the Swedish Housing Market." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-14676.

Full text
Abstract:
The Swedish housing market has been subject to extensive attention in the media recently, and the existence of a housing bubble has been questioned. The purpose of this thesis is to analyse the Swedish housing market to investigate if there are reasons to believe that the market is overvalued. The current situation in the housing market will be compared to the United States market prior to the crash of 2007. The models that are used in the paper is the house price-to-income, price-to-rent and imputed rent-to-rent. Other fundamental factors such as rent control, household debt, interest rates, and other policies effecting the housing market will be discussed. The main findings indicate that the Swedish housing market in 2010 is overvalued, however one has to consider that there are limitations to these models such as the extra benefits of owning a house compared to renting.
APA, Harvard, Vancouver, ISO, and other styles
3

Zbib, Zeinab. "A House Price Bubble in Sweden?" Thesis, Jönköping University, Jönköping International Business School, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-784.

Full text
Abstract:

Abstract

The topic of an overheated housing market, in Sweden, has been extensively discussed, not least by the media. This thesis will contribute to the debate by answering the question whether a potential price bubble exists in the Swedish housing market. Years between 1984 and 2004 are analysed using conventional metrics, which include house price-to- rent and income ratios respectively, changes in the dynamics of real house prices, as well as demographic variations. The analyse continues with the use of the imputed rent, also known as the yearly cost of ownership. Moreover the fundamental factors; interest rates, indebtedness and turnover of houses are discussed.

It will be concluded that the conventional measures can be misleading. The imputed rent is a superior measure since it is the true cost of ownership and it accounts for changes in important determinants of house demand, mainly the interest rate. The answer to the title of this paper is; no, house prices (in 2004) in Sweden did not appear to be particularly overvalued, neither when compared to yearly rents in the tenancy market, disposable incomes, nor when low levels of interest rates are taken into account. However, this does not rule out that house prices cannot fall in the near future.


Sammanfattning

Denna kandidatuppsats behandlar ämnet om en möjlig husprisbubbla i Sverige. Sedvanliga tekniker som används vid analysering av prisbubblor innefattar användandet av proportionen mellan huspriser och hyror samt disponibla inkomster. Även dynamiken i reella huspriser och demografiska förändringar utvärderas.

I denna analys jämförs åren mellan 1984 och 2004 genom att använda “imputed rent”, vilken representerar den årliga kostnaden av ägande. Även fundamentala faktorer som räntan, skuldsättningen samt omsättningen av hus undersöks. Den slutsats som uppsatsen resulterar i understryker att de sedvanliga bruken kan vara vilseledande och att ”imputed rent” är en bättre teknik. Detta eftersom ”imputed rent” representerar den verkliga kostnaden av ägande samt inbegriper viktiga avgörande faktorer, som räntan. Därför är svaret på titeln; nej, huspriserna (år 2004) i Sverige förefaller sig inte vara särskilt övervärderade, när de jämförs med årliga hyror av likvärdiga hyresrättslägenheter och disponibla inkomster, samt när hänsyn tas till den låga räntan. Detta utesluter dock inte en framtida nedgång av huspriserna.

APA, Harvard, Vancouver, ISO, and other styles
We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!

To the bibliography