Prospecting Housing Bubbles in Malaysia

Abstract There have been extensive studies pertaining on bubble detection in literature, though very few investigate the Malaysian residential property market. The inflated housing market, however, has sparked widespread public anxiety and there a proliferation of comments forecasts about presence bubbles Malaysia throughout last decade. purpose this paper is to assess by using empirical models detecting bubbles. This research employed Markov Switching (MS) model for findings revealed prices be relatively stable over period 2010 2019, with states upheaval occurring only during short-lived periods. Overall, were generally steady between albeit shifted slowly recent years as economic turmoil faded. study provides results explain situation house years.