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Housing prices, business cycle, TOM and energy efficiency in Bucharest

Author

Listed:
  • Paloma Taltavull de La Paz
  • Ion Anghel
  • Stanley McGreal
  • Costin Ciora

Abstract

This paper analyses the role of business cycle to determine TOM in Bucharest housing market. It explores the relationship between TOM and the price levels in order to identify whether TOM varies depending on the housing quality (revealed by price level) and with the cyclical moment. The database covers 2013-2016 which includes the economic recovery after financial crisis. Data contains more than 32 thousand of microdata with housing transaction in Bucharest city including information about the energy efficiency level in the building.

Suggested Citation

  • Paloma Taltavull de La Paz & Ion Anghel & Stanley McGreal & Costin Ciora, 2018. "Housing prices, business cycle, TOM and energy efficiency in Bucharest," ERES eres2018_143, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2018_143
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    Keywords

    business cycle; Housing Prices;

    JEL classification:

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

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