The impact of country’s economic factors in house prices: The case of Portugal

• Saira Khalil ur Rehman ^[1] ; Jorge Manuel Afonso Alves ^[1] ; Nuno Filipe Lopes Moutinho ^[1]
  1. [1] Instituto Politécnico de Bragança

     Instituto Politécnico de Bragança

     Bragança (Sé), Portugal

     
• Localización: XXX Jornadas Luso-Espanholas de Gestão Científica: cooperação transfronteiriça. Desenvolvimento e coesão territorial. Livro de resumos / Paula Fernandes (aut.), 2020, ISBN 978-972-745-273-6, pág. 119
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • House market is an important sector not only in the economy of a country, but also for the living conditions of the population. This research seeks to understand the main drivers of the house prices of an European country using the Engle-Granger (EG) Cointegration analysis. Analysing the Portuguese housing market with quarterly data between 1998 and 2019 it is possible to show that in long term unemployment and interest rate are negatively related and that population, inflation and money supply are positively related with house prices.