Investigating the effect of banks' speculative behavior on housing prices in urban areas of Tehran during the period (1392-1398)

Document Type : Original Article

Authors

1 Edalat University

2 Shahid Beheshti University

Abstract

One of the factors influencing these price jumps is the speculative behavior of banks in the housing market; The purpose of this article is to investigate the effect of commercial behavior of banks, including commercial, specialized, privatized and private, on housing prices in 22 districts of Tehran. Therefore, the necessary estimates have been made by a data panel model during the period 1392 to 1398 and using monthly battery variables.
The behavior of banks in the model is examined using the variables of surplus deposits, banks' debt to the central bank and non-current facilities. The overall results show that the speculative performance of non-governmental banks on housing prices is much higher than that of state-owned banks. The results of the effect of the model variables show that the elasticity of housing prices to the surplus of deposits in the privatized and private banks have the highest coefficient, respectively. The highest elasticity of housing prices to the debt of banks to the central bank is related to specialized banks, which, of course, the high ranking of specialized banks due to the defined duties of this type of banks, which is not naturally comparable to other banks; But private and privatized banks are next. ; But private and privatized banks are next. The elasticity of housing prices to non-current facilities in commercial and specialized banks has the highest rank, and private and privatized banks are in the next ranks.

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