The impact of stock market and macroeconomic variables on real estate prices dynamics: evidence from Saudi Arabia
by Mohammed S. Al Dohaiman
International Journal of Sustainable Real Estate and Construction Economics (IJSRECE), Vol. 1, No. 1, 2017

Abstract: To enhance portfolio return and achieve diversification, Saudi investors have long been seeking opportunities in real estate markets since the crash of Saudi stock market on February 2006. The aim of this paper is to explain the determinants of real estate price dynamics in the case of Saudi Arabia. Using monthly data from January 2008 to December 2012, we examine the impact of key monetary policy and macroeconomic variables, including money supply growth, inflation rates and interest rate, on the real estate price growth dynamics in Saudi Arabia. We study also the effect of stock market conditions (return and conditional volatility) on explaining real estate price movement. This study has important implications for investment decision and real estate market analysis in the case of an important real estate market.

Online publication date: Tue, 06-Jun-2017

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Real Estate and Construction Economics (IJSRECE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com