Transition and Integration Effects in the Baltic Housing Markets: The Dipasquale-Wheaton Approach
This paper analyses housing market developments in the Baltic States using a price-rent (PR) adjusted version of the DiPasquale-Wheaton (DPW) model as a frame of reference.Relating housing markets in Estonia, Latvia and Lithuania to the here boom, the bust and the recovery after the financial crisis in 2007/2008, the paper discusses the interrelati