Based on multivariate Markov-switching models, this paper presents new results on the interactions between global imbalances, credit spreads, housing markets, macroeconomic variables, commodities and equities during Q1-1987/Q1-2011. We show that rising global imbalances and the uncontrolled...

The presence of nearby public facility contributes to real-estate’s value, that’s why the market may expect impact of public project on house’s price. But undesirable and semi-desirable facility location choices can be contested by close inhabitants, because they are source of negative...

Ce chapitre explore les déterminants interne et externe de l'achat d'un logement, mobilisant les concepts de psychologie, psychanalyse, d'urbanisme de sociologie et d'économie afin de mieux comprendre les relations entre un individus et son logement. Il présente d'une part les déterminants...

The presence of nearby public facilities has an impact on real-estate values; for this reason, the market may reasonably anticipate that public infrastructure projects will affect house prices. But undesirable and semi-desirable facility location choices may be contested by nearby residents, as...

Les flambées immobilières se nourrissent généralement de comportements spéculatifs. Mais la France n’est pas les États-Unis ou l’Espagne. La situation actuelle ne doit pas masquer une crise structurelle du logement qui est bien réelle. Cette crise est celle d’une offre insuffisante...

The willingness of households to pay for prevention against industrial risks can be revealed by real estate markets. By using very rich microdata, we study housing prices in the vicinity of hazardous industries near three important French cities. We show that the impact of hazardous plants on...