03/09/2026
📢 New Research Paper available!
Professor Theodore Panagiotidis, Dr Paraskevi Tzika and Dr Georgios Voucharas have been working on the project Housing Affordability, Housing Investment, and the Residential Rental Market in Greece.
➡ In their research paper, published as GreeSE Paper 223, they introduce the Greek Housing Market Uncertainty (HMU) index, a monthly newspaper-based measure designed to capture housing-specific uncertainty. Using Local Projections and their state-dependent and time-varying extensions, they examine the dynamic effects of HMU shocks on key housing market variables. The results show that house prices respond negatively to housing uncertainty shocks, albeit with a lag, while residential loan growth also declines significantly in the short run.
📚 You can read the Paper here: https://tinyurl.com/ytadfbn6
➡️Read more about the Project: https://tinyurl.com/4mv69ntd
* The Project is part of the HO Research Calls Programme, funded by the Athanasios C. Laskaridis Charitable Foundation and Dr Vassili G. Apostolopoulos II .