Real estate prices are central to a range of themes that are, e.g., relevant for monetary policy, community development, environmental valuation, and economic planning more generally. This paper developes a real estate index based on apartment offer prices on the post code level for Germany,...

English abstractThis paper describes the main features of the Spanish housing market during the latest expansionary period (2014-2019), and discusses two aspects relating to its recent situation. First, it analyses the evidence of households’ possible housing affordability difficulties. It...

We rely on novel textual analysis of real estate listings and identify renovated dwellings in a data set of Norwegian transactions to estimate the renovation premium in an urban housing market. The renovation premium is estimated by classical regression approaches as well as random forests...

Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that have made significant progress lately. They...

We study the impact of Zillow’s Zestimate on housing market outcomes and how the impact differs across socio-economic segments. Zestimate is produced by a Machine Learning algorithm using large amounts of data and aims to predict a home’s market value at any time. Zestimate can potentially...

In recent years, UK housing policy has sought to restrict investment behaviour and increase the homeownership rate. This paper contributes to the literature by estimating the effect of a 3% additional transaction tax, known as stamp duty land tax (SDLT), on the Buy-to-Let (BTL) market in the UK....

Business Improvement Districts (BIDs) represent an important place-management tool across the UK, investing more than 100 million pounds each year into street safety and other public goods provision for their local neighborhoods. This paper studies the effects of the opening of a BID on local...

This paper studies how mortgage borrowers and house prices react to a tightening of mortgage limits following a policy change in Ireland in 2015. The policy introduced limits to the loan-to-income and loan-to-value ratios of new mortgages issued. In response to a tightening borrowing constraint,...

The COVID-19 pandemic further extended the multi-year housing boom in advanced economies and emerging markets alike against massive monetary easing during the pandemic. In this paper, we analyze the pricing-out phenomenon in the U.S. residential housing market due to higher house prices...

In this paper, we examine how the enforcement and collapse of a rumor affect regional housing markets in China. Specifically, we trace the rumor that Yanjiao and Dachang, two counties in Hebei province, were to be merged into Tongzhou, a county of Beijing, and quantify the bust of housing prices...