The Impact of Macroeconomic and Financial Factors on Real Estate Markets

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 31 December 2025 | Viewed by 654

Special Issue Editor


E-Mail Website
Guest Editor
School of Built Environment, University of Technology Sydney, Ultimo, NSW 2007, Australia
Interests: housing affordability; housing price dynamics; property investment analysis; property financing strategies; property risk analysis; real estate investment trusts (REITs); the link between property prices and economic fundamentals

Special Issue Information

Dear Colleagues,

Global events and local structural headwinds are impacting the macroeconomic landscape of many countries. The trajectory of the GDP,  the issue of unemployment, an inflationary situation, market interest rates, credit availability and liquidity, tax systems, government spending, and capital flows are critical factors that often impact the performance and development of several sectors of a country’s economy. This usually triggers a suite of monetary and fiscal policies, including unconventional measures like quantitative easing, to address any issues in the economy. 

These financial and macroeconomic dynamics have significant implications for real estate markets. In this Special Issue, titled “The Impact of Macroeconomic and Financial Factors on Real Estate Markets”, Economies is inviting researchers, academics, policy actors, and industry practitioners to submit their work within this area of research. Examples of topics that are well situated in this Special Issue are monetary policies and housing affordability, access to finance and homeownership, the role of the government in homeownership, the nexus between macroeconomic fundamentals and the real estate market, e-commerce and real estate, the Real Estate Investment Trust (REIT) investment landscape, capital flows and the real estate market, and the economics of build-to-rent. Papers can be theoretically or empirically based, and approaches can be qualitative or quantitative or a mix of both, using case studies, surveys, interviews, time series data analysis, panel data analysis,  and statistical and/or econometric analysis. Findings should clearly lay out how national and international economic trends may affect the real estate market.

Dr. Mustapha Bangura
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • real estate market
  • monetary and fiscal policies
  • homeownership
  • build-to-rent
  • capital flows
  • REITs
  • real estate financing and investment

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue policies can be found here.

Published Papers (1 paper)

Order results
Result details
Select all
Export citation of selected articles as:

Research

23 pages, 2923 KiB  
Article
House Prices and the Effectiveness of Monetary Policy in an Estimated DSGE Model of Morocco
by Roubyou Said and Ouakil Hicham
Economies 2025, 13(4), 87; https://doi.org/10.3390/economies13040087 - 26 Mar 2025
Viewed by 375
Abstract
In this study, we aimed to assess the effectiveness of monetary policy in influencing housing prices in Morocco. Bayesian estimation over the period 2007Q2–2017Q2 of a dynamic stochastic general equilibrium model allowed us to reveal a significant impact of the increase in policy [...] Read more.
In this study, we aimed to assess the effectiveness of monetary policy in influencing housing prices in Morocco. Bayesian estimation over the period 2007Q2–2017Q2 of a dynamic stochastic general equilibrium model allowed us to reveal a significant impact of the increase in policy interest rates on the prices of residential goods. Indeed, the implementation of a restrictive monetary policy in Morocco will drive the prices of this type of asset downward. Despite this empirical finding, the historical decomposition of shocks impacting the inflation of residential property prices shows that interest rates explain only a small portion of the variations in housing prices in this country. Our results also indicate that an increase in the share of borrowers extends the time required for economic and financial variables to return to their equilibrium state. This is a sign of the potential dangers of fueling housing bubbles through credit booms. Full article
Show Figures

Figure 1

Back to TopTop