Table I. Summary statistics for real...

Table I.

Summary statistics for real average house prices and the control variables

Region	Minimum	Median	Mean	Maximum	Standard deviation
AM	11.76	12.48	12.41	12.70	0.24
GR	11.41	11.98	11.92	12.20	0.23
FR	11.41	12.04	11.98	12.26	0.24
DR	11.61	12.15	12.09	12.35	0.20
OV	11.61	12.19	12.12	12.35	0.20
FL	11.70	12.16	12.11	12.34	0.19
GE	11.78	12.39	12.30	12.54	0.20
UT	11.88	12.48	12.40	12.66	0.20
ZH	11.66	12.25	12.19	12.45	0.20
ZL	11.49	12.09	12.01	12.32	0.24
NB	11.78	12.38	12.31	12.57	0.21
LI	11.74	12.16	12.11	12.31	0.15
r	−1.22	2.00	1.91	5.15	1.48
gdp	13.16	13.46	13.43	13.57	0.11

Region	Minimum	Median	Mean	Maximum	Standard deviation
AM	11.76	12.48	12.41	12.70	0.24
GR	11.41	11.98	11.92	12.20	0.23
FR	11.41	12.04	11.98	12.26	0.24
DR	11.61	12.15	12.09	12.35	0.20
OV	11.61	12.19	12.12	12.35	0.20
FL	11.70	12.16	12.11	12.34	0.19
GE	11.78	12.39	12.30	12.54	0.20
UT	11.88	12.48	12.40	12.66	0.20
ZH	11.66	12.25	12.19	12.45	0.20
ZL	11.49	12.09	12.01	12.32	0.24
NB	11.78	12.38	12.31	12.57	0.21
LI	11.74	12.16	12.11	12.31	0.15
r	−1.22	2.00	1.91	5.15	1.48
gdp	13.16	13.46	13.43	13.57	0.11

Notes:

All values are in log except interest rates; GR = Groningen; FR = Friesland, DR = Drenthe; OV = Overijssel; FL = Flevoland; GE = Gelderland; UT = Utrecht; NH = Noord-Holland; ZH = Zuid-Holland; ZE = Zeeland; NB = Noord-Brabant; LI = Limburg; r = Real interest rate

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