Showing 1 - 10 of 38
The paper analysis rental contracts in a two-period model of thehousing market with uncertain 'outside option', accounting for non-contractible mobility-cost and consumption indivisibilities. The mainndings are: (i) Bilaterally ecient contracts set rents which are lessvolatile than market rents...
Persistent link: https://www.econbiz.de/10005842986
In den vergangenen Jahren gab es einen deutlichen Preisauftrieb auf dem Wohnungsmarkt. Dennoch sind die durchschnittlichen Mietpreise in Ostdeutschland heute immer noch geringer als in Westdeutschland. Dieser Artikel untersucht, wodurch die Mietpreise bestimmt werden. Es zeigt sich, dass das...
Persistent link: https://www.econbiz.de/10011733412
This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...
Persistent link: https://www.econbiz.de/10011480909
This paper attempts to contribute in several ways. Theoretically, it proposes simple models of house price dynamics and construction dynamics, all based on forward-looking agents' maximization problems, which may carry independent interests. Simplified version of the model implications are...
Persistent link: https://www.econbiz.de/10013139009
The house price in Hong Kong is well-known to be "unaffordable." This paper argues that the commonly used house price-to-income ratio may be misleading in an economy with almost half of the population living in either public rental housing or subsidized ownership. Moreover, we re-focus on the...
Persistent link: https://www.econbiz.de/10012836979
The house price in Hong Kong is well-known to be "unaffordable." This paper argues that the commonly used house price-to-income ratio may be misleading in an economy with almost half of the population living in either public rental housing or subsidized ownership. Moreover, we re-focus on the...
Persistent link: https://www.econbiz.de/10012838881
Persistent link: https://www.econbiz.de/10012953088
Persistent link: https://www.econbiz.de/10012823002
This study investigated the impacts commuting costs have on accessing employment for low income workers who are renting their home. Policy makers have concerns that housing market pressures may limit where low income workers can afford to live, and may result in low-income workers living in...
Persistent link: https://www.econbiz.de/10012823077
This research examines the quantity, composition and distribution of new housing supply across Australia 2006–16 and seeks to explain variations in local rates of production with reference to demand-side considerations (e.g. population drivers, market cycles) and supply-side considerations...
Persistent link: https://www.econbiz.de/10012824628