BIS paper explores impact of demographics on house prices


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.


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