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between prices, demand and supply. Since vacancy rates are not observable, the demand-supply mismatches are identified using a … markets when complete demand, supply and pricing data are not available. The model may also be useful when data are available …
Persistent link: https://www.econbiz.de/10015046361
system. The consequences of this setting, which make housing supply extremely unresponsive to changes in house prices, are a …, because increasing demand only pushes up house prices further without expanding housing supply. Fiscal decentralization and a …-to-Buy are doomed to fail in markets with tight regulation or otherwise tight supply. …
Persistent link: https://www.econbiz.de/10011470938
relatively sudden in-migration of wealthy or middle class residents into a previously poor or working class neighbourhood. I … measure this using the change in share of neighbourhood population that holds a degree certificate conditional on the initial …
Persistent link: https://www.econbiz.de/10011487909
The growth of Airbnb is likely to affect the local housing rental market by reducing the supply of properties. I … because these smaller properties are substitutes for hotel rooms, inducing landlords to shift supply from long-let rental …
Persistent link: https://www.econbiz.de/10013323725
Purpose:The article analyzes the effects of the COVID-19 pandemic on house prices.Design/Methodology/Approach:We start by discussing the possibility that house price indexes may not fully incorporate the effects of the pandemic as of yet. Against the background of the pandemic, we then analyze...
Persistent link: https://www.econbiz.de/10012421453
The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for the two countries, in order to compare price dynamics...
Persistent link: https://www.econbiz.de/10012914765
This paper investigates whether energy performance ratings, as measured by mandatory Energy Performance Certificates (EPCs), are reflected in the sale prices of residential properties. This is the first large-scale empirical study of this topic in the UK involving approximately 400,000 dwellings...
Persistent link: https://www.econbiz.de/10014160447
observed amenity improvements near the buildings and downward price pressures from increased supply dominating in the broader …
Persistent link: https://www.econbiz.de/10013498999
In this study, we exploit a policy shock that differentially increased capital gains taxes for housing units with holding period less than 5 years, and document tax avoidance and tax evasion in the residential resale market in China. We show suggestive evidence that after the capital gains tax...
Persistent link: https://www.econbiz.de/10012851478
This paper analyses the behaviour of prices and supply on the German housing market taking into account the interaction … countervailing house price effects of a supply increase: A dampening effect via land prices and a stimulating effect via construction …
Persistent link: https://www.econbiz.de/10012197884