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In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a structural search model that allows housing...
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In recent years the housing market in Malta has been characterised by significant demand and supply developments reflecting strong economic and population growth. While the determinants of house prices in Malta have long been studied and documented, much less is known about private sector rents,...
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Home warranties are often criticized for their lack of worth to a potential home buyer. We argue that both home buyers and home sellers may benefit from warranties, though the benefits are very small. If home buyers are risk averse, home warranties provide a valuable form of insurance. Sellers...
Persistent link: https://www.econbiz.de/10012950083
This paper estimates hedonic prices for different levels of housing space, by exploiting a unique space-adding project in Singapore that added a uniform amount of space to each existing housing unit regardless of the original size. This space adding program was carried out if sufficient...
Persistent link: https://www.econbiz.de/10012864356
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The question of how to structure and package the residential experience is a deeply interesting and difficult one. How physically large or small should residential holdings be? How densely should they be clustered? Should spaces for working, recreating, cooking, and bathing be contained within...
Persistent link: https://www.econbiz.de/10014159504
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This chapter examines certain of the developments in the application of economic theory and in empirical and policy …
Persistent link: https://www.econbiz.de/10014023959