Macroeconomic determinates of housing prices in South Africa

Show simple item record Mwenje, Grace 2015-07-24T08:23:47Z 2015-07-24T08:23:47Z 2015
dc.description Thesis (M.M. (Finance & Investment))--University of the Witwatersrand, Faculty of Commerce, Law and Management, Graduate School of Business Administration, 2015. en_ZA
dc.description.abstract This study investigates key macro-economic variables that influence housing prices in South Africa. Impact of shocks to macro-economic variables on housing prices in the short run is analysed as well as the nature of the relationship between housing prices and seven macro-economic variables in the long run. Using quarterly data from 1978 (3rd quarter) to 2014 ( 1st quarter ) , the study shows that absa real house prices, rand/us$ exchange rate, household/debt disposable income, household net wealth/disposable income, new mortgage loans and prime interest rates have a long run equilibrium relationship. Macro-economic variables have a positive impact on house prices in the long run; household net wealth/disposable income and household debt/disposable income are leading variables in explanation of house price movements. Shocks to prime interest rates and rand/us$ exchange rate impact negatively on house prices in the short run. en_ZA
dc.language.iso en en_ZA
dc.subject Housing en_ZA
dc.subject Prices en_ZA
dc.subject South Africa en_ZA
dc.subject Economic conditions en_ZA
dc.title Macroeconomic determinates of housing prices in South Africa en_ZA
dc.type Thesis en_ZA

Files in this item

This item appears in the following Collection(s)

Show simple item record

Search WIReDSpace


My Account