Impact of House Price on Economic Stability: Some Lessons from OECD Countries

Alam I Asadov1, Mansor H Ibrahim2, Ramazan Yildirim3

  • 1Department of Finance, College of Business Administration, Prince Sultan University, Rafha Street, PO Box No. 66833, 11586 Riyadh, Saudi Arabia.

The Journal of Real Estate Finance and Economics
|April 16, 2024
PubMed
Summary

House price instability significantly impacts economic growth, with negative returns being twice as damaging as positive ones. High house price volatility also leads to economic instability, underscoring the need for real estate market regulation.

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