France : Financial Sector Assessment Program—Technical Note on Housing Prices and Financial Stability

 
 
Publication Date: July 01, 2013
 
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Summary: This technical note examines housing prices and financial stability in France. The note highlights that sharply rising housing prices have caused concerns about mortgage credit risk and the stability of the financial system, particularly if the macroeconomic environment were to deteriorate further. France’s housing market proved resilient during the crisis, declining by about 9 percent from its precrisis peak before rebounding since mid-2009 to surpass its precrisis peak. This resilience has reflected a confluence of fundamental, macroeconomic, financial, and asset allocation factors that have caused the demand for housing to remain well in excess of supply.
 
Series: Country Report No. 13/184
Subject(s): Housing prices | Credit demand | Banks | Credit risk | Risk management | Financial stability | Financial Sector Assessment Program | France

 
English
Publication Date: July 01, 2013
ISBN/ISSN: 9781484380543/1934-7685 Format: Paper
Stock No: 1FRAEA2013006 Pages: 53
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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