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Demographic structure and housing prices: East Asia and Europe

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  • Zonghie Han

Abstract

The recent booms in the global housing markets have been suspected to be bubbles owing to the weak economic circumstances after the 2008 financial crisis. While the behavioral economics stresses the role of irrational human psychology in the housing market, this study focuses on the demographic factors which can determine the scope of the housing demand. Simple plotting of some demographic categories shows that ages between 15 and 64(working age population) as well as between 40 and 59 have similar trends to the housing price indices in representative countries in Europe and East Asia, UK, France, Germany, China, Japan and Korea.

Suggested Citation

  • Zonghie Han, 2017. "Demographic structure and housing prices: East Asia and Europe," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(3), pages 333-346, July.
    • Handle: RePEc:pdc:jrnbeh:v:13:y:2017:i:3:p:333-346
    DOI: 10.15208/beh.2017.24
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    References listed on IDEAS

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    1. Matthew J. C. Crump, 2019. "Portfolio and prosper," Nature Human Behaviour, Nature, vol. 3(10), pages 1008-1008, October.
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    Cited by:

    1. Eva Horvatova, 2020. "Twenty Years of Mortgage Banking in Slovakia," IJFS, MDPI, vol. 8(3), pages 1-30, September.

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    1. Han, Zonghie, 2017. "Demographic structure and housing prices: East Asia and Europe," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 13(3).

    More about this item

    Keywords

    Working age population; housing price index; demographic cliff; Europe; East Asi;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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