IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2001_215.html
   My bibliography  Save this paper

The impact of the Economic and Monetary Union on the Housing market

Author

Listed:
  • Jorge Lopes

Abstract

The housing market in Portugal has notched up a remarkable growth since the early 1990s, in line with the development pattern of the overall construction market. The new residential housing sub-segment has been the one that experienced the highest growth in this period. One of the catalysts of the impressive outcome in this segment of the construction market was the transformation operated in the financial system, which intended to be consistent with the process of European convergence. However, in the last two years the pattern has shown signs of flagging owing to excess supply, particularly in the owner-occupied housing tenure. This paper discusses the impact of the Economic and Monetary Union- EMU on the housing market. Secondly, it analyses the development of the housing market from the early 1990s. Finally it suggests ways to tackle the unfavourable conditions pertinent to the housing market, namely the new residential housing sub-segment. The paper argues that in order to face the demands of the Economic and Monetary Union, policy changes pertaining to the housing market and related economic sectors are needed.

Suggested Citation

  • Jorge Lopes, 2001. "The impact of the Economic and Monetary Union on the Housing market," ERES eres2001_215, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2001_215
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2001-215
    Download Restriction: no
    File URL: https://eres.architexturez.net/system/files/pdf/eres2001_215.content.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2001_215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.