BIS paper explores impact of demographics on house prices
Study focuses on Korea’s “exceptionally rapid” demographic change
New research published by the Bank for International Settlements examines how demographic change might be impacting house prices and macro-prudential policy, finding evidence contrary to two leading theories.
Jieun Lee and Hosung Jung focus on South Korea, as the country is currently undergoing “exceptionally rapid” demographic change – both an ageing population and a rising share of single-person households. They explore regional data on demographics and house prices from 2008 to 2017.
Their
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