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Housing policies in Hong Kong, China and the People's Republic of China

Li, Jing - 2016

This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China … considerably. Hong Kong, China has adopted a railway and property development model, which involves close collaboration between the … policies in both markets are in line with their social welfare systems. Hong Kong, China favors the elderly and the poor, thus …

Persistent link: https://www.econbiz.de/10011453313

Housing market spillovers : evidence from the end of rent control in Cambridge Massachusetts

Autor, David H.; Palmer, Christopher J.; Pathak, Parag A. - 2012

Understanding potential spillovers from the attributes and actions of neighborhood residents onto the value of surrounding properties and neighborhoods is central to both the theory of urban economics and the development of efficient housing policy. This paper measures the capitalization of...

Persistent link: https://www.econbiz.de/10009541304

The Heterogeneous Response of Real Estate Asset Prices to a Global Shock

Heiniger, Sandro; Koeniger, Winfried; Lechner, Michael - 2022

We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit differences in the incidence of Covid infections or short-time work at the...

Persistent link: https://www.econbiz.de/10014236309

Are Swedish House Prices Too High? Why the Price-to-Income Ratio Is a Misleading Indicator

Svensson, Lars E. O. - National Bureau of Economic Research - 2023

According to ECB (2023) and European Systemic Risk Board (2022), Swedish owner-occupied housing (OOH) was overvalued by about 55% in 2021q2, the largest overvaluation in the EU and EEA; according to European Commission (2023c), by about 30% in 2022. These assessments affect warnings and...

Persistent link: https://www.econbiz.de/10014436993

Monetary policy, property prices and rents : evidence from local housing markets

Groiss, Martin; Syrichas, Nicolas - 2025

How do different monetary policy tools influence residential housing markets, and how do these effects vary between owner-occupied and rental segments? To answer this question, we assemble a new monthly regional dataset from 35 million real estate listings over the period 2007- 2023 and exploit...

Persistent link: https://www.econbiz.de/10015178380

Explaining regional variation in equilibrium real estate prices and income

Bischoff, Oliver - 2010

We combine the real estate model of Potepan (1996) with the spatial equilibrium approach of Roback (1982) to prove the interdependency of housing prices, rental prices, building land prices and income via one simultaneous equilibrium analysis. Using unique cross-sectional data on the majority of...

Persistent link: https://www.econbiz.de/10003973760

Supply, demand and prices in the US housing market

Conefrey, Thomas; Whelan, Karl - 2013

The slowdown in the US economy in 2008, and in the housing market in particular, has been accompanied by a sharp fall in house prices and a glut of homes for sale on the market. While the idea that this overhang of dwellings for sale should place downward pressure on house prices is intuitive,...

Persistent link: https://www.econbiz.de/10009763180

Assessing house prices in Germany : evidence from an estimated stock-flow model using regional data

Kajuth, Florian; Knetsch, Thomas A.; Pinkwart, Nicolas - 2013

Based on a stock-flow model of the housing market we estimate the relationship of house prices and explanatory macroeconomic variables in Germany using a regional panel dataset for 402 administrative districts. Using regional data exploits the variation across local housing markets and overcomes...

Persistent link: https://www.econbiz.de/10010202799

Local economic conditions and the nature of new housing supply

Hilber, Christian; Rouwendal, Jan; Vermeulen, Wouter - 2014 - This Version: August 4, 2014

We present a modified open monocentric city model that assumes that land is available for conversion into new housing throughout the city. The model predicts that positive local income shocks (i) increase the cityś share of multi-family housing in new construction and (ii) lead to the...

Persistent link: https://www.econbiz.de/10010399679

Determinants of house price dynamics : what can we learn from search engine data?

Bennöhr, Lars; Oestmann, Marco - 2014

There is a broad literature about fundamental determinants of house prices, which received increasing attention in the aftermath of the subprime crisis. However, there might be several other partly unobservable socio-demographic, psychological or individual factors influencing real estate price...

Persistent link: https://www.econbiz.de/10010418926