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A price bubble is beginning to build in the real estate market when housing prices rise more quickly than local wages and rents. A "bubble" occurs when assets are consistently valued below their true worth; their presence cannot be established until it collapses. With several interconnected origins and reinforcing processes, the housing price bubble is a complex phenomenon that had a role in the global financial and economic crisis of 2007–2009[1].

 

 

  • Read count 113
  • Date of publication 04-05-2024
  • Main LanguageIngliz
  • Pages8
English

A price bubble is beginning to build in the real estate market when housing prices rise more quickly than local wages and rents. A "bubble" occurs when assets are consistently valued below their true worth; their presence cannot be established until it collapses. With several interconnected origins and reinforcing processes, the housing price bubble is a complex phenomenon that had a role in the global financial and economic crisis of 2007–2009[1].

 

 

№ Author name position Name of organisation
1 Jiyanov O.. talaba International Islamic Academy
2 Alimova M.. talaba International Islamic Academy
№ Name of reference
1 1. AAOFFI Shariah Standard. (2017). Shariah Standard. (12), 346-347. Retrieved from http://www.iefpedia.com/english/wp-content/uploads/2017/12/Shariaa-StandardsENG
2 2. Abdul Razak, D., & Tazwar, F. (2018). ISLAMIC HOME FINANCING PRACTICES IN SELECTED OIC COUNTRIES: AN ASSESSMENT IN THE LIGHT OF MAQASID AL-SHARIAH. Journal of Islamic Management Studies, 2(1), p. 7. 2. Asadov, A., & et al. (2015). Musharakah Mutanaqisah Home Financing: Shari’ah Issues, Financial Implications and Accounting Considerations. IIUM International Accounting Conference (INTAC), (p. 4). Kuala Lumpur, Malaysia. 3. Asadov, A., & et al. (2018, 1 25). Musharakah Mutanaqisah Home Financing: Issues in Practice. Journal of Islamic Accounting and Business Research, 9(1), p. 2.
3 3. Aziz B. Financial crisis 2007-2009: How real estate bubble and transparency and accountability issues generated and worsen the crisis //Estudios fronterizos. – 2012. – Т. 13. – №. 26. – С. 201-221
4 4. Makroiqtisodiy va hududiy tadqiqotlar instituti (MHTI). O‘ZBEKISTON KO‘CHMAS MULK VA IPOTEKA BOZORI. Makroiqtisodiy Va Hududiy Tadqiqotlar Instituti. 3. 2023.
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