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The links between property and the economy - evidence from the British and German markets

Schätz, Alexander ; Sebastian, Steffen P.


This study supplies empirical evidence on the dynamic interactions between the property markets in Germany and the United Kingdom and their country-specific macroeconomic environment. Using a VECM framework, the findings contribute to improving the evaluation of the properties' behaviour by considering a wide range of macroeconomic risk factors. On a long-term basis, we find remarkable ...


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