AN OPINION-BASED RESEARCH ON CRYPTOCURRENCY AND IT'S FUNCTIONING IN INDIA

Rahi Dhond; Shantanou Gangakhedkarr; Shreya Siddanagowder

doi:10.52950/ES.2023.12.1.004

Authors

Rahi Dhond Fergusson College, India Author
Shantanou Gangakhedkarr Fergusson College, Pune, India Author
Shreya Siddanagowder Fergusson College, Pune, India Author

DOI:

https://doi.org/10.52950/ES.2023.12.1.004

Keywords:

Cryptocurrency, Governance, Digital Currency, Digitization, Central Bank Digital Currency, Regulation, Investment and Regulation

Abstract

Within a broad discussion on property price formation and property market specifics, this paper aims to investigate the relationship between property price trends and the number of transactions occurring on the housing market. Specifically, we test whether housing transaction volumes and rents are good predictors of housing prices and discuss causalities and differences in this relationship in the sales and rental property markets. We provide evidence from selected European property markets on the relationship between property price trends and the number of transactions occurring in these markets. We argue that an increased number of transactions is predictive of an increase in property prices, but prices tend to be rigid in the opposite (downward) direction. Thus, a cooling down of demand for properties may rather decrease the number of transactions than push down property prices. This appealing result may shed light on understanding why property prices appreciate across time and countries.

Data:
Received: 16 Jan 2023
Revised: 13 Mar 2023
Accepted: 17 Apr 2023
Published: 1 May 2023