Historical development and current problems of Czech housing sector
| Autoři | |
|---|---|
| Rok publikování | 2017 |
| Druh | Článek ve sborníku |
| Konference | Hradecké ekonomické dny 2017 |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | http://fim2.uhk.cz/hed/index.php?lang=en |
| Obor | Ekonomie |
| Klíčová slova | real estate market; mortgage interest rate; mortgage banks; monetary policy |
| Popis | This paper is focused on housing sector in Czech economy since 1998. At first, the history of housing market is described using time series which covers a period between 2006:Q1 and 2016:Q1. There are mentioned key structural breaks on real estate market and how these have changed relationship between the housing sector and business cycle of the Czech economy. Second part shows current states on the Czech real estate market: (i) heating the real estate market (ii) transition from rents to real estate purchases (iii) higher household indebtedness. At the end work describes mortgage banks and their policy; specifically, how the banks set mortgage interest rates and loan to value ratio (LTV) in accordance with expansionary monetary policy. |
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