Publication Type
PhD Dissertation
Version
publishedVersion
Publication Date
11-2024
Abstract
In this comprehensive study, we aim to investigate the impact of Globalisation on house prices globally. Our analysis spans annual data from 42 countries, including OECD and some Non-OECD countries, from 1991 to 2021. Our research underscores the role of Globalisation in shaping house prices, with distinct impacts contingent on the type of Globalisation. Financial globalisation, which primarily encompasses capital flow coupled with enabling regulatory environment, is one of the drivers of house price increases. Conversely, Interpersonal, and Informational globalisation, which mainly involves the physical or virtual proximity of people supported by favourable conditions, has a negative effect on house prices in higher income countries (OECD countries) and positive effect on house prices in lower income countries. Our results suggest that Globalisation is a double-edged sword when it comes to house prices, a conclusion that economists, investors and policymakers can use in their decision making.
Degree Awarded
PhD in Business (General Management)
Discipline
Real Estate
Supervisor(s)
TEO, Song Wee Melvyn
First Page
1
Last Page
78
Publisher
Singapore Management University
City or Country
Singapore
Citation
MEHLAWAT, Ritu.
Beyond borders, beyond boundaries: How globalization affects real estate prices. (2024). 1-78.
Available at: https://ink.library.smu.edu.sg/etd_coll/659
Copyright Owner and License
Author
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
