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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...
Persistent link: https://www.econbiz.de/10011966851
Following the global financial crisis, many countries have introduced or tightened macroprudential policies. Using an agentbased model (ABM), this paper seeks to measure the impact on house price cycles of two distinct borrower-based macroprudential instruments, namely loan-to-income and...
Persistent link: https://www.econbiz.de/10012017491
Increasing supply is frequently proposed as a solution to rising housing costs. However, there is little evidence on … five years. This suggests that new construction reduces demand and loosens the housing market in low- and middle …
Persistent link: https://www.econbiz.de/10012038863
We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed overview of theoretical approaches that may explain the mechanisms causing vacancies under the assumptions of a standard market model, the search and matching theory and behavioral...
Persistent link: https://www.econbiz.de/10011813226
This paper examines housing affordability in Ireland by looking at the distribution of housing costs across households. Using microdata from the SILC survey over the period 2005-2015, the contribution of this paper is threefold. First, the paper considers the trends in the cost of housing in...
Persistent link: https://www.econbiz.de/10011862979
the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different …
Persistent link: https://www.econbiz.de/10011801481
We analyse the determinants of prices of flats that are bought on the primary (new construction) and secondary markets (existing stock) in the 17 largest cities in Poland during the 2002-2015 period. We find that prices are driven by economic fundamentals, such as income growth and drop in the...
Persistent link: https://www.econbiz.de/10011890967
subsidised social housing. A mix of policies addressing supply-side restrictions, such as land hoarding and resistance to … based on up-to-date real estate valuations. The supply of social rental housing should be stepped up and access to it made …
Persistent link: https://www.econbiz.de/10012203240
indices. We provide a discussion of the contributing factors of synchronization, with a focus on the demand and supply … more synchronized, this being particularly clear for cities. Sustained demand for places that are attractive for financial … supply-constrained, is likely to lead to more synchronization across markets. The conclusions are important for investors …
Persistent link: https://www.econbiz.de/10012181108
shocks, while a contractionary monetary policy shock depress housing output, demand and prices. Additionally, we find …
Persistent link: https://www.econbiz.de/10012171072