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Document Type: | General |
Publish Date: | 2006 |
Primary Author: | Haibin Zhu |
Edited By: | Suneela Farooqi |
Published By: | BIS Quarterly Review |
The structure of housing finance markets and house prices in emerging Asia has witnessed rapid growth of private housing and market-based housing finance in the past decade; nevertheless, market development has been uneven across countries. There is evidence that, in those economies with more flexible housing finance markets, house prices are more responsive to overall changes in market conditions, particularly equity price movements.