scholarly journals How healthy and sustainable is the Dutch housing mix? Measuring and comparing the theoretical housing market balance of Dutch regional housing markets

2015 ◽  
Vol 3 (1) ◽  
pp. 88-108 ◽  
Author(s):  
Leonie B. Janssen-Jansen ◽  
Frans P.W. Schilder
Keyword(s):  
Housing Market ◽  
Housing Markets ◽  
Dutch Housing

scholarly journals Speculative housing markets and rent control: insights from nonlinear economic dynamics

2021 ◽  
Author(s):  
Noemi Schmitt ◽  
Frank Westerhoff
Keyword(s):  
Housing Market ◽  
Housing Stock ◽  
House Price ◽  
Housing Markets ◽  
Market Model ◽  
Market Dynamics ◽  
Rent Control ◽  
Forecasting Accuracy ◽  
Expectation Formation ◽  
Rent Level

AbstractWe propose a novel housing market model to explore the effectiveness of rent control. Our model reveals that the expectation formation and learning behavior of boundedly rational homebuyers, switching between extrapolative and regressive expectation rules subject to their past forecasting accuracy, may create endogenous housing market dynamics. We show that policymakers may use rent control to reduce the rent level, although such policies may have undesirable effects on the house price and the housing stock. However, we are also able to prove that well-designed rent control may help policymakers to stabilize housing market dynamics, even without creating housing market distortions.

Social Accounts and Planning for Changes in Urban Housing Markets

1978 ◽  
Vol 10 (3) ◽  
pp. 247-266 ◽  
Author(s):  
J W Byler ◽  
S Gale
Keyword(s):  
Housing Market ◽  
Stochastic Models ◽  
Housing Markets ◽  
Urban Housing ◽  
Dwelling Unit ◽  
Urban Populations ◽  
Social Accounts ◽  
Dynamic Matching ◽  
Matching Process ◽  
Occupancy Patterns

A conception of the housing market as a lagged, dynamic matching process is presented as an alternative to the conventional microeconomic formulation. Various components of changes in occupancy patterns are identified, in a general multidimensional accounting framework, as a means for the structuring of observations of household and dwelling-unit characteristics of urban populations. Parameters for several stochastic models of housing-market phenomena are derived from the account-based representation. Finally, potential planning applications of these accounting frameworks are explored together with conditions for their adoption.

scholarly journals Price and Transaction Volume in the Dutch Housing Market

2010 ◽  
Author(s):  
Erik R. de Wit ◽  
Peter Englund ◽  
Marc Francke
Keyword(s):  
Housing Market ◽  
Dutch Housing

Transportation systems’ impacts on the Vilnius housing market

2019 ◽  
Vol 57 (2) ◽  
pp. 418-431 ◽  
Author(s):  
Virgilija Vasiliene-Vasiliauskiene ◽  
Aidas Vasilis Vasiliauskas ◽  
Rišard Golembovskij ◽  
Ieva Meidute-Kavaliauskiene ◽  
Edmundas Kazimieras Zavadskas ◽  
...  
Keyword(s):  
Housing Market ◽  
Housing Markets ◽  
Transportation System ◽  
Transportation Systems ◽  
Sustainable Urban Development ◽  
Quantitative Methodology ◽  
Analytic Hierarchy ◽  
Content Type ◽  
System Factors ◽  
Hierarchy Process

Purpose The purpose of this paper is to develop a better understanding of how transportation system factors affect city housing markets. The goal was to show that identifying these factors alone is not enough without also examining their effects and variations according to the housing location. Design/methodology/approach Transportation system factors were identified by conducting a thorough literature review. The factors’ relevance was tested using a quantitative methodology and a sample of 317 Vilnius residents. This city was next divided into three zones, and data collected from 18 real estate experts was subjected to qualitative analysis. The analytic hierarchy process was then applied to identify transportation system factors’ level of impact and dynamics by the housing location. Findings The results show that the factors affect the housing market in question but that these effects vary by the housing location and the most critical factors differ for each city zone. Research limitations/implications Only data on Vilnius were used. Further research is needed to compare transportation factors’ dynamics in multiple cities. Practical implications Priorities in transportation system improvements should be assessed to facilitate sustainable urban development and enhance the residents’ quality of life. Housing market regulations can only be successful if investment in transportation systems is allocated purposefully and coherently. Originality/value This research went beyond identifying transportation system factors by employing a broad, systematic approach to clarifying potential options for regulating housing markets through transportation system projects.

Housing market networks in China's major cities: a conditional causality approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lu Yang ◽  
Nannan Yuan ◽  
Shichao Hu
Keyword(s):  
Housing Market ◽  
Granger Causality ◽  
House Price ◽  
Housing Markets ◽  
Content Type ◽  
Scale Free ◽  
Second Tier ◽  
The Difference ◽  
Secondary Housing Market ◽  
Market Networks

PurposeTo explore the state of this conditional Granger causality when other cities are not factors, we investigate housing market networks in China's major cities by using a combination of conditional Granger causality and network analysis.Design/methodology/approachAlthough housing market networks have been well discussed for different countries, the question of housing market networks in China's major cities based on the conditional causality perspective has yet to be answered.FindingsWe discover that second-tier cities are more influential than first-tier cities. Although the connectivity of the primary housing market is more complex than the diversified connectivity observed in the secondary housing market, both markets are scale-free networks that exhibit high stability. Moreover, we reveal that geographic conditions and economic development jointly determine the housing market's modular hierarchical structure. Our results provide meaningful information for both Chinese policymakers and investors.Originality/valueBy excluding the influence of other cities, our conditional Granger causality identifies the true casual relation between cities' housing markets. Moreover, it is the first paper to consider the primary housing market and secondary housing market separately. Specifically, Chinese prefer new house rather than second-hand house from both speculative and self-housing. Generally speaking, the new house price is lower than the second-hand house price since the new house is off-plan property. Therefore, understanding the difference between primary and secondary housing markets will provide useful information for both policymakers and speculators.

A look into German housing markets: A bubble call?

2018 ◽  
Vol 21 (4) ◽  
pp. 289-301
Author(s):  
Jan R. Kim ◽  
Gieyoung Lim
Keyword(s):  
Housing Market ◽  
House Prices ◽  
House Price ◽  
Housing Markets ◽  
Present Value ◽  
Present Value Model ◽  
Price Bubbles ◽  
Steep Rise ◽  
Value Model ◽  
German Housing Market

The steep rise in German house prices in recent years raises the question of whether a speculative bubble has already emerged. Using a modified present-value model, we estimate the size of speculative house price bubbles in the German housing market. We do not find evidence for positive bubble accumulation in recent years, and interpret the current bullish run as reflecting the correction of house prices that have been undervalued for more than 10 years. With house prices close to their fair values as of 2018:Q1, our answer to the question is, ‘Not yet, but it is likely soon’.

Creating a gap that can be filled: Constructing and territorializing the affordable housing submarket in Gauteng, South Africa

2020 ◽  
Vol 52 (1) ◽  
pp. 173-199
Author(s):  
Siân Butcher
Keyword(s):  
Housing Market ◽  
Affordable Housing ◽  
Market Failure ◽  
Housing Prices ◽  
Housing Markets ◽  
Shape Space ◽  
City Region ◽  
Domestic Capital ◽  
Housing Submarket ◽  
Property Markets

As the housing bubble burst in overheated property markets around the world, South Africa’s so-called ‘affordable housing market’ appeared to be bucking the trend. From 2010, affordable housing prices were rising and selling quickly, especially in Gauteng, Johannesburg’s city-region, chronically short of actually affordable housing and with a growing black middle class. Touted as ‘SA’s best-kept investment secret’, the affordable housing market offered a lifeline to the property industry and the potential to democratize segregated property markets. Yet, in practice, the tapping of South Africa’s lower-income housing market by capital has been a limited one, narrowly catering to particular subjects and spaces. Drawing on heterodox approaches to ‘actually existing markets’ and qualitative fieldwork conducted in Johannesburg between 2012 and 2013, this paper traces how the boundaries of the affordable housing and mortgage submarket are produced and shift through the investments of multiple communities with their own theories of housing markets and different interests in ‘making the market work’. Despite these investments and contestations, the submarket is narrowly territorialized within developer-driven housing largely in Gauteng for public-sector workers, to optimize the market within mortgage capital’s frameworks of risk, return, race and space. The South African mortgaged affordable housing submarket is not so much in need of market information or constitutive of a new frontier of global finance, as a territorial fix for domestic capital vis-à-vis development imperatives. To investigate struggles over this submarket, I draw together socio-institutional approaches to markets with critical political economy of housing markets and put them into conversation with critical development studies scholarship on markets. This combination allows us to make space for multiple projects of ‘improvement’ and profit in our analyses of market-making, as well as how these are shaped by, and shape, space and conjuncture. I seek to contribute to a growing literature on the geographies of markets from a Global South context where housing is framed as both a market good and constitutional right by examining a case of apparent ‘market failure’.

POLICY AND MOBILITY IN DUTCH HOUSING MARKET CONTEXTS.

1984 ◽  
Vol 75 (4) ◽  
pp. 242-248 ◽  
Author(s):  
P. C. J. EVERAERS ◽  
W. A. V. CLARK
Keyword(s):  
Housing Market ◽  
Dutch Housing
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