Government real estate interventions and the stock market

Akbari, Amir; Krystyniak, Karolina

doi:10.1016/j.irfa.2021.101742

Cited by 6 publications

(4 citation statements)

References 27 publications

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“…For instance, based on transaction data, the regression discontinuity design was used to evaluate the housing purchase restriction policy in Langfang (Li et al, 2020). According to the research by Akbari & Krystyniak (2021), the government's interventions in the real estate market spilled over to the stock market and mutual funds. The evidence of Poland regarding disequilibrium in the real estate market was analysed by Brzezicka et al (2018), and the authors highlighted that it was important to think about this possible challenge in advance.…”

Section: Resultsmentioning

confidence: 99%

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Kauškale

Zvirgzdiņš

Geipele

2022

Baltic Journal of Real Estate Economics and Construction Management

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The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.

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Section: Resultsmentioning

confidence: 99%

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Kauškale

Zvirgzdiņš

Geipele

2022

Baltic Journal of Real Estate Economics and Construction Management

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“…The literature has assessed the role of speculation tax distortionary in its administrative jurisdiction [58,59] and across economic sectors [100]. Our study determines that speculation taxes, such as NRST, play a role in increasing house prices within and beyond tax administrative jurisdiction.…”

Section: Discussionmentioning

confidence: 99%

Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction

Rauf

Weber

2022

Sustainability

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Housing plays an essential role in sustainable governance due to its socio-economic and environmental connection. However, the relationship between governance policies, market behavior, and socio-economic outcomes varies geographically and demographically. Therefore, segregated policies developed and implemented may fail to achieve their desired objectives because of the sensitivity of housing policies for their connection to human wellbeing. The effectiveness of housing policies in geographically connected regions is one of the areas that has received little attention in the Canadian context. The study follows a multi-step empirical method using a multiple linear regression model and a difference-in-difference approach to assessing the geographical variation of speculation and property taxes on housing markets. The study confirms that speculation taxes are not an effective tool in curbing house prices. Similarly, considering the role of property taxes in providing public services, delinking property taxes from a potential contributor to house prices would provide a better lens to develop local housing policies. Furthermore, the study also confirms that the housing market can be better assessed at a local scale, considering geographical influence in conjunction with investment trends.

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“…Diverse financial intermediaries, such as conventional banks and building associations, wield varying influences on housing market cycles (Braun et al 2022). Government interventions, particularly via the discount rate channel, resonate with spillover effects on the stock market (Akbari and Krystyniak 2021). On average, spillovers between housing, stock, and bond returns exhibit a modest magnitude (He et al 2018).…”

Section: Housing Market Fluctuationsmentioning

confidence: 99%

The Influence of Airbnb Announcements on North American Capital Markets: Insights for Stakeholders

Tavor

2024

IJFS

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This research investigates the burgeoning peer-to-peer (P2P) economy, exemplified by platforms such as Airbnb, and its implications within the North American context. The study focuses on understanding the repercussions of Airbnb announcements on capital markets, concentrating specifically on the travel and tourism sector and the real estate sector. The findings unveil a discernible augmentation in index returns preceding the announcement’s publication in both sectors. However, a notable divergence manifests post-announcement: while the real estate sector sustains an upward trajectory in returns, the travel and tourism sector experiences a post-publication decline. These results underscore the strategic advantage available to investors with early access to Airbnb announcements, enabling them to capitalize on excess profits. Furthermore, the broader investor community can leverage the insights gleaned from Airbnb announcements for financial gains. A nuanced examination of regression results reveals the substantial impact of macroeconomic variables on index returns in both the travel and tourism sector and the real estate sector. These insights contribute to a more nuanced understanding of the intricate dynamics shaping these economic domains.

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Government real estate interventions and the stock market

Cited by 6 publications

References 27 publications

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction

The Influence of Airbnb Announcements on North American Capital Markets: Insights for Stakeholders

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