Macroeconomic determinates of housing prices in South Africa
| dc.contributor.author | Mwenje, Grace | |
| dc.date.accessioned | 2015-07-24T08:23:47Z | |
| dc.date.available | 2015-07-24T08:23:47Z | |
| dc.date.issued | 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.identifier.uri | http://hdl.handle.net/10539/18119 | |
| 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 |
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