International Lessons for the Property Price Boom in South Africa

Konferenzbeitrag

South Africa appears to share some of the characteristics (property price boom, easing of monetary policy, strong domestic demand growth) of asset price booms in industrial countries that were often followed by a period of weak growth. The international experience suggests that a number of practical obstacles need to be overcome before a more proactive role of monetary policy is warranted. However, a larger variety of available mortgage contracts, including longer-term fixed-rate contracts, should allow for a more efficient allocation of interest rate risks. Also, a more systematic nationwide collection of property price data, including data on commercial property price developments, would provide a more representative basis for analysis.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Proceedings of the German Development Economics Conference, Berlin 2006 ; No. 27

Classification and Topics

• Classification: Wirtschaft ; Financial Markets and the Macroeconomy ; Monetary Policy ; Central Banks and Their Policies
• Subject: Asset Prices ; property prices ; monetary policy ; economic development

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wagner, Helmut ; Kißmer, Friedrich ; Funke, Norbert
• Event: Veröffentlichung
• (who): Verein für Socialpolitik, Ausschuss für Entwicklungsländer
• (where): Hannover
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/19852
• Last update: 10.03.2025, 11:43 AM CET