VUB's Market Share and Financial Services
-3
2Q06
3Q06
-2
-1
4Q06
1Q07
2Q07
3Q07
4Q07
1Q08
2Q08
3Q08
0
4Q08
1Q09
2Q09
3Q09
1
...PRICES REMAIN BELOW,,RISK ZONE"
→ Most recent increase in prices compensated for earlier moderation, leaving the NBS-modelled total
Composite Index of housing price development (CI_Total) in the „Boom" zone, above the „Balance"
but still comfortably below the „Risk" zone
3
2
Composite index of housing price development
Bubble
Risk
4Q09 |
1Q10|
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
Note:
CI_Total
CI_Flats Only
The Composite Index comprises five sub-indices. The index is calculated as the average of trend-adjusted and standardized indicators, weighted using a principal component analysis.
The index level shows the deviation in standard deviations from the average, normalized to zero. The index value is categorized into one of five levels based on the current value: downward
trend (below -1), balance (between -1 and 0), boom (between 0 and 1), risk (between 1 and 2) and bubble (above 2).
Source: analysis of NBS
13
1Q13
2Q13
3Q13
4Q13|
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
Slump
Boom
Balance
1Q16|
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
3Q18
4Q18View entire presentation