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Author
Korzeb Zbigniew (Bialystok University of Technology, Poland)
Title
The Real Estate and Credit Bubble in Spain; Implications for Poland
Source
Zeszyty Naukowe SGGW w Warszawie. Problemy Rolnictwa Światowego, 2019, t. 19(34), z. 2, s. 77-88, rys., tab., bibliogr. 30 poz.
Scientific Journal Warsaw University of Life Sciences SGGW - Problems of Word Agriculture
Keyword
Bańka spekulacyjna, Banki hipoteczne, Banki komercyjne, Kryzys bankowy
Economic bubble, Mortgage banks, Commercial banks, Banking crisis
Note
streszcz., summ.
Country
Polska, Hiszpania
Poland, Spain
Abstract
The aim of this article is to establish whether the symptoms of an emerging housing bubble can be observed on the Polish market. The concept of this study is based on a comparison between economic, financial and demographic conditions at the time of the mortgage crisis in Spain and the current situation on the housing market and on the market of housing loans granted to households in Poland. An analysis of two economic indicators, (i) housing loans to households-to-GDP expressed in growth rates and (ii) rates of house price growth, does not indicate that a speculative bubble occurs in Poland now. This, however, does not mean that the conclusions drawn from the Spanish crisis cannot and should not have a bearing on the Polish market, especially in terms of potential consequences the crisis may have for the banking sector. (original abstract)
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Bibliography
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ISSN
2081-6960
Language
eng
URI / DOI
http://dx.doi.org/10.22630/PRS.2019.19.2.25
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