Norway, like a number of other countries, saw steep growth in house prices during the pandemic. This added to past years of strong price increases and has brought renewed concern for housing affordability. Tax advantages to buying homes inflate house prices, contribute to wealth inequality and...

In this paper we analyse the effects on rents of the substantial April 2018 changes in the Accommodation Supplement (AS) policy. These policy changes adjusted which geographic locations were assigned to each AS-area, and the AS-maxima were increased to reflect the rising costs of housing in each...

Korean Abstract: 본 연구는 주거실태조사 2020년 자료를 활용하여 자가 가구와 차가 가구의 특성을 자산효과와 소득효과라는 측면에서 구분하고자 한다. 특히 자산과 소득의 다중공선성 문제를 해결하기 위하여 2단계...

This study analysed the impact of the Russian aggression in Ukraine in February 2022 on rental and housing prices in Warsaw and Krakow, two major cities in Poland. Quantile hedonic indices indicated a significant increase in the rents since the beginning of the Russian invasion in both markets...

This study is about overpricing in the real estate market. It explores the overpriced sales prices of residential properties and provides evidence that a real estate agent has behavioral characteristics, or otherwise called agent specificities, that can decrease or increase the transacted sales...

The COVID-19 pandemic has severely damaged tenant’s ability to pay rents, which also hurts the financial health of landlords. The large-scale eviction moratorium amid the pandemic might further dampen rental market demands and intensify the tenant-landlord relationship. In response to the risk...

This paper studies how various land-use regulations interact to affect housing supply and affordability. We use cross-sectional variation across space from novel parcel-level zoning data and a boundary discontinuity design at regulation boundaries to obtain causal estimates for the effect of...

The small investors in rental real estate in Spain have grown more than 50% over a decade. In this paper, we investigate who are those small investors in rental real estate, to know their demographic and financial characteristics. We do that through bivariate statistics and a logistic model. We...

Recent research suggests that loss aversion may arise from anchoring or inattention, consistent with bounded rationality. Focal point bias (focus on round numbers or left digits) represents a well-documented, bounded rationality driven behavioral bias. We estimate a strong conditional...

I estimate a Panel FAVAR model in order to confront the fundamental and expectational viewdriving European house prices. The fundamental view is characterized by income and credit shocks, and the expectational view by households’ and firms’ expectations. This model allows me to extract...