DOI: 10.1111/kykl.70082 ISSN: 0023-5962
Anti‐Money Laundering Regulations and House Prices in OECD Countries
Hassan F. Gholipour, Mohammed N. Abu Al‐Foul, Elias OikarinenABSTRACT
The debate over the impact of money laundering on real estate prices has become a pressing issue in recent years, particularly in developed economies. The aim of this study is to examine the relationship between anti‐money laundering (AML) regulations and house prices in a sample of OECD countries over the period 2012–2023. Using panel fixed effects, two‐stage least squares (2SLS), and the GMM regressions, while controlling for key macroeconomic determinants of house prices, the findings show that house prices are lower when AML regulations are stronger.