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Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland

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  • Magdalena Grothe

Abstract

This paper applies a framework for monitoring vulnerabilities in the residential real estate sector to the case of Poland. The framework considers indicators across three dimensions of real estate-related vulnerabilities, i.e. valuation, household indebtedness and the bank credit cycle, and builds a composite model-free measure shown to have a significant forecasting performance for real estate crises. The paper shows how the monitoring can be implemented for the Polish market, discusses the developments from a historical perspective, and highlights remaining data gaps.

Suggested Citation

  • Magdalena Grothe, 2020. "Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 5-24.
    • Handle: RePEc:sgh:gosnar:y:2020:i:2:p:5-24
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    References listed on IDEAS

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    Cited by:

    1. Pilar Garcia-Almirall & Còssima Cornadó & Sara Vima-Grau, 2021. "Residential Vulnerability of Barcelona: Methodology Integrating Multi-Criteria Evaluation Systems and Geographic Information Systems," Sustainability, MDPI, vol. 13(24), pages 1-24, December.

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    More about this item

    Keywords

    real estate vulnerabilities; real estate market in Poland; risk monitoring; real estate crises;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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