environmental changes on housing in New Zealand's non-metropolitan regions; and second, the economic, social and environmental …

Housing costs comprise a major part of most household budgets. Larger households require greater space than do smaller … households but do not necessarily have larger incomes. The cost of extra housing space (e.g. the cost of an extra bedroom) may … this is the case, differential regional costs of additional space may provide an incentive for different sized households …

rights and security of tenure – when tenants face moving costs. A tenant’s idiosyncratic benefit from his unit and a landlord … many European housing markets by security of tenure. Under eviction rights, a landlord who evicts a tenant imposes a … security of tenure efficiency can be improved by subsidizing the moving costs of tenants. …

current income of young households (the first-time buyers). Thus, it sheds light on why housing prices are more volatile than … GDP, and why they exhibit some degree of predictability in a market where households optimize over the timing of their …

regional house prices. Our tests use a new quarterly regional panel data set covering the 14 regions of New Zealand from 1981 …