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South African house-price dynamics
Includes abstract.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Economics
2014
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| _version_ | 1867613268180205568 |
|---|---|
| access_status_str | Open Access |
| author | Hutchings, Bradley |
| author2 | Barr, Graham |
| author_browse | Barr, Graham Hutchings, Bradley |
| author_facet | Barr, Graham Hutchings, Bradley |
| author_sort | Hutchings, Bradley |
| collection | Thesis |
| description | Includes abstract. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/5799 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:26.520Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/5799 South African house-price dynamics Hutchings, Bradley Barr, Graham Economics Includes abstract. Includes bibliographical references (leaves 29-32). Motivated by concerns that a speculative price bubble may have formed in the South African house market, this paper examines South African house-price dynamics over a three-decade period spanning 1976 to 2005. Estimation of error-correction models reveals that real changes in the prices of medium- and large-sized South African homes are associated with short-run changes in economic growth, real mortgage rates and sovereign risk. Empirical analysis suggests that the real prices of small-sized homes are not associated with real mortgage rates in the short run. Estimation of the house-price models also revealed that property prices exhibit mean reversion in the long run, although adjustment to long-run equilibrium (governed by economic growth, real mortgage rates and sovereign risk) is slow. 2014-07-31T12:28:23Z 2014-07-31T12:28:23Z 2007 Master Thesis Masters MCom http://hdl.handle.net/11427/5799 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics Hutchings, Bradley South African house-price dynamics |
| thesis_degree_str | Master's |
| title | South African house-price dynamics |
| title_full | South African house-price dynamics |
| title_fullStr | South African house-price dynamics |
| title_full_unstemmed | South African house-price dynamics |
| title_short | South African house-price dynamics |
| title_sort | south african house price dynamics |
| topic | Economics |
| url | http://hdl.handle.net/11427/5799 |
| work_keys_str_mv | AT hutchingsbradley southafricanhousepricedynamics |