scholarly journals The unlikely revival of private renting in Amsterdam: Re-regulating a regulated housing market

2020 ◽  
Vol 52 (8) ◽  
pp. 1622-1642 ◽  
Author(s):  
Cody Hochstenbach ◽  
Richard Ronald
Keyword(s):  
Housing Market ◽  
Social Housing ◽  
Local Politics ◽  
Housing Stock ◽  
Urban Housing ◽  
Market Forces ◽  
Private Renting ◽  
New Construction ◽  
English Speaking ◽  
Existing Housing

Over the last decade, private rental sectors have been in rapid ascendance across developed societies, especially in economically liberal, English-speaking contexts. The Netherlands, and Amsterdam in particular, has also more recently experienced the reversal of a century-long decline in private renting. More unusually, the expansion of private renting in Amsterdam has been explicitly promoted by the municipal and national government, and in cooperation with social housing providers, in response to decreasing accessibility to, and affordability of, social rental and owner-occupied housing. This paper explores how and why this state-initiated revival has come about, highlighting how new growth in rent-liberalized private renting is a partial outcome of the restructuring of the urban housing market around owner occupation since the 1990s. More critically, our analysis asserts that restructuring of Amsterdam’s housing stock can be conceptualized as regulated marketization. Market forces are not being simply unleashed, but given more leeway in some regards and matched by new regulations. We also demonstrate various tensions present in this process of regulated marketization; between national and local politics, between existing housing and new construction, and between policies implemented in different time periods.

Commodification of Development Rights and What It Does to the Urban Housing Market in Taiwan

2017 ◽  
Vol 39 (2) ◽  
pp. 194-205 ◽  
Author(s):  
Mi Shih ◽  
Ying-Hui Chiang ◽  
Hsiutzu Betty Chang ◽  
Chin-Oh Chang
Keyword(s):  
Housing Market ◽  
Housing Stock ◽  
Financial Burden ◽  
Spillover Effect ◽  
Ordinary Least Squares ◽  
Urban Housing ◽  
Poor Families ◽  
Regression Quantile ◽  
Development Rights ◽  
Existing Housing

The enactment of the transfer of development rights (TDR) policy in Taiwan since the late 1990s is part of a broader trend of commodification and deregulation of development rights. This study examines the spillover effect of TDR on the sale prices of existing housing stock that constitutes the main housing market for the majority of urban residents. Three hedonic models, ordinary least squares (OLS) regression, quantile regression, and spatial lag regression, show that the presence of TDR utilization in real estate development is a significant price driver that generates a financial burden that disproportionally affects poor families.

scholarly journals International Real Estate Review

2001 ◽  
Vol 4 (1) ◽  
pp. 80-94
Author(s):  
Ching-Chun Hua ◽  
◽  
Chin-Oh Chang ◽  
Chengho Hsieh ◽  
◽  
...  
Keyword(s):  
Housing Market ◽  
Flow Model ◽  
Housing Stock ◽  
Empirical Models ◽  
Sales Price ◽  
Long Run ◽  
Volume Relationship ◽  
Stock Flow ◽  
Existing Housing ◽  
The Relationship

In Taiwan, the housing market can be separated into the existing housing market and the pre-sales market. The existing market can be regarded as the stock market, and the pre-sales market the flow market. However, some unique characteristics exist in the Taiwan market. Based on these characteristics, we modified the conventional housing stock-flow model to describe the price -volume relationship between the existing and pre-sales markets. Empirical models are constructed to test the relationship. Major findings are: 1) both the pre-sales price and the existing price converge to the long-run equilibrium; however, the pre-sales price adjusts faster than the existing price, implying that the existence of the pre-sales system improves market efficiency; and 2) housing supply from the pre-sales market responds to the housing market surpluses/shortages.

scholarly journals Population and Housing (Mis)match in Lisbon, 1981–2018. A Challenge for an Aging Society

2021 ◽  
Vol 10 (3) ◽  
pp. 102
Author(s):  
Nachatter Singh Garha ◽  
Alda Botelho Azevedo
Keyword(s):  
Housing Market ◽  
Ethnic Diversity ◽  
Housing Stock ◽  
Size Composition ◽  
Large Cities ◽  
Secondary Sources ◽  
Composition And Structure ◽  
Using Data ◽  
Existing Housing ◽  
The Relationship

Over the past four decades, Lisbon’s population has witnessed some notable changes in its growth, age structure, conjugal patterns and ethnic diversity. These changes have affected the size, composition and structure of households, which in turn modified the demand for housing in Lisbon. At the same time, some changes were also made to the housing stock, especially in size, but also in the replacement of small apartment buildings with large residential apartment blocks. However, the discrepancies between demographic changes and the housing stock have created new challenges for the housing market in Lisbon to provide adequate housing to all households in the city. Using data from the 1981–2011 census obtained from IPUMS International, population estimates from the National Institute of Statistics (INE) and other secondary sources, this article identifies and measures the magnitude of mis(matches) between existing housing stock and housing needs of the population in Lisbon. Theoretically, this article adds to the knowledge about the relationship between population and housing dynamics in large cities. Empirically, it provides evidence on the existence and magnitude of (mis)matches in Lisbon’s housing market and explores the underlying dynamics behind them. Lastly, it offers some policy tools and recommendations to address these (mis)matches.

Misuse through short-term rentals on the Berlin housing market

2016 ◽  
Vol 9 (2) ◽  
pp. 287-311 ◽  
Author(s):  
Philipp Schäfer ◽  
Nicole Braun
Keyword(s):  
Housing Market ◽  
Housing Stock ◽  
Housing Markets ◽  
Urban Housing ◽  
Short Term ◽  
Online Data ◽  
Innovative Design ◽  
Content Type ◽  
Tourist Accommodation ◽  
German Cities

Purpose Short-term rentals are mainly of small flats, which are offered to tourists. Currently, the providers of short-term rentals, in particular Airbnb (ABB), are being criticized in several German cities, on the grounds that shares of residential flats are being removed from the housing market, due to illegitimate misuse as tourist accommodation. Thus, the conventional urban housing markets are contending with a decline in housing supply and increasing rents. This paper aims to support these findings empirically. Design/methodology/approach The paper opted first for a spatial analysis with ArcGIS for ABB in Berlin. Second, different online data requests of periods of up to two months were used to analyze the extent of misuse with regard to the Zweckentfremdungsverbot (misuse prohibition law). Third, analysis of variance was used to analyze rental growth on the ABB markets. The data were collected in different approaches from the website of airbnb.com. Findings The paper provides evidence that 5,555 residential flats are presently being misused by ABB (0.30 per cent of the total housing stock in Berlin) and that many providers of entire flats have more than one offer simultaneously. Moreover, the paper provides the first entire-market overview of ABB in Berlin. It is evident that the ABB market is mainly located centrally and that only a few neighborhoods have large ABB markets. Rental growth is higher in the ABB markets which have a significant share of misused flats, than in the ABB markets which have insignificant shares of misused flats. Originality/value To the authors’ best knowledge, the paper provides the first empirical approach regarding misuse through short-term rentals on a housing market with an innovative design and first-hand data.

scholarly journals Assessing the Need of Adaptive Changes for Emerging NORCs in Urban India

2016 ◽  
Vol 4 (1) ◽  
pp. 115-132
Author(s):  
SUTAPA DAS ◽  
MOUSUMI GUPTA ◽  
SHIVASHISH BOSE
Keyword(s):  
Housing Stock ◽  
The Elderly ◽  
Urban Housing ◽  
Retirement Communities ◽  
Common People ◽  
High Rise ◽  
Architectural Features ◽  
Housing Research ◽  
Existing Housing ◽  
Indian Cities

Due to population ageing, today’s high-rise apartments in Indian cities, which are currently mainly owned by young professionals, will turn into naturally occurring retirement communities (NORCs) in near future. Though many urban housing complexes of 1970s and 1980s are already serving as NORCs, the term is comparatively new to Indian housing research. This huge existing housing stock is inadequate for special gerontological needs of the elderly, who are fragile and socially vulnerable. Informal opinion of common people revealed that holistic requirement for elderly in housing is still grossly confused with vertical transport, i.e., elevators, and little attention is paid to other architectural features. As part of an ongoing doctoral study, a detailed literature review was undertaken on the vulnerability profile of Indian urban elderly in the context of special requirements of barrier-free housing. This article aims to establish the urgent need to assess the adaptive potential of existing housing communities serving as NORCs in Indian cities, such that new housing in the future can be planned with flexible approach.

Housing, crises and crime

2021 ◽  
Vol 54 (1) ◽  
pp. 34-46
Author(s):  
John Braithwaite
Keyword(s):  
Criminal Justice ◽  
First Nations ◽  
Public Housing ◽  
Social Housing ◽  
Housing Stock ◽  
Housing Policies ◽  
Treaty Negotiations ◽  
Disadvantaged Neighbourhood ◽  
Neoliberal Policies ◽  
Just Society

A disappointment of responses to the Covid-19 crisis is that governments have not invested massively in public housing. Global crises are opportunities for macro resets of policy settings that might deliver lower crime and better justice. Justice Reinvestment is important, but far from enough, as investment beyond the levels of capital sunk into criminal justice is required to establish a just society. Neoliberal policies have produced steep declines in public and social housing stock. This matters because many rehabilitation programmes only work when clients have secure housing. Getting housing policies right is also fundamental because we know the combined effect on crime of being truly disadvantaged, and living in a deeply disadvantaged neighbourhood, is not additive, but multiplicative. A Treaty with First Nations Australians is unlikely to return the stolen land on which white mansions stand. Are there other options for Treaty negotiations? Excellence and generosity in social housing policies might open some paths to partial healing for genocide and ecocide.

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.

scholarly journals The role and significance of planning in the determination of house prices in Australia: Recent policy debates

2021 ◽  
pp. 0308518X2198894
Author(s):  
Peter Phibbs ◽  
Nicole Gurran
Keyword(s):  
Land Use ◽  
Housing Market ◽  
Land Use Planning ◽  
House Prices ◽  
Housing Prices ◽  
House Price ◽  
Evidence Base ◽  
Urban Housing ◽  
Price Inflation ◽  
Depth Analysis

On the world stage, Australian cities have been punching above their weight in global indexes of housing prices, sparking heated debates about the causes of and remedies for, sustained house price inflation. This paper examines the evidence base underpinning such debates, and the policy claims made by key commentators and stakeholders. With reference to the wider context of Australia’s housing market over a 20 year period, as well as an in depth analysis of a research paper by Australia’s central Reserve Bank, we show how economic theories commonly position land use planning as a primary driver of new supply constraints but overlook other explanations for housing market behavior. In doing so, we offer an alternative understanding of urban housing markets and land use planning interventions as a basis for more effective policy intervention in Australian and other world cities.

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 EARLY 20TH-CENTURY WOODEN TENEMENT BUILDINGS IN ESTONIA: BUILDING BLOCKS FOR NEIGHBORHOOD LONGEVITY

2011 ◽  
Vol 35 (2) ◽  
pp. 110-116 ◽  
Author(s):  
Daniel B. Hess
Keyword(s):  
World War I ◽  
Built Environment ◽  
20Th Century ◽  
Transition Period ◽  
Housing Stock ◽  
Building Blocks ◽  
Urban Housing ◽  
Housing Demand ◽  
Early 20Th Century ◽  
Art Nouveau

During the early 20th century, the urban housing supply in Estonia expanded quickly to meet growing housing demand, resulting in tenement districts conceived for maximum profitability of rental units. In Karlova, a district near the city center of Tartu, about five hundred wooden houses, built between 1911 and the early 1920s and displaying simple Art Nouveau details, are set amid a charming district with a distinct milieu. This article focuses on three time periods during which the development of its built environment gave Karlova its distinctiveness: (1) the years leading up to World War I; (2) the interwar period; and (3) the two decades since 1991, or the post-transition period. Although the district was neglected during the Soviet era, it remains remarkably intact and has even experienced, since the 1990s, gentrification. The high-quality housing stock and charming built environment has much to offer to its diverse population of students, professionals, families, and longtime residents. Santrauka Dvidešimtojo amžiaus pradžioje gyvenamųjų namų pasiūla Estijoje greitai augo atitikdama į augančius gyvenamojo ploto poreikius. Minėtos situacijos rezultatas - daugiabučių namų kvartalai sukurti taip, kad iš nuomojamų patalpų būtų gaunamas maksimalus pelnas. Karlova – kvartalas netoli Tartu centro. Jį sudaro apie penki šimtai medinių namų, pastatytų tarp 1911 ir 1920 metų. Pastatams būdingos paprastos Art Nouveauarchitektūrinės detalės, jie pastatyti išskirtinėje patrauklioje aplinkoje. Pateikiamame straipsnyje nagrinėjami trys laikotarpiai, per kuriuos užstatymo kaita aptariamoje teritorijoje sukūrė išskirtinį jos tapatumą: 1) laikotarpis iki Pirmojo pasaulinio karo; 2) tarpukaris; 3) du dešimtmečiai po 1991 m. Nežiūrint to, kad sovietiniais metais teritorija buvo nesaugoma ir ja nesirūpinama, Karlova išsaugojo nepažeistą architektūrinį urbanistinį vientisumą, o po 1990 m. teritorijoje prasidėjo gentrifikacijos procesai. Aukštos kokybės gyvenamasis užstatymas ir žavi urbanistinė aplinka gali daug pasiūlyti įvairioms gyventojų grupėms: studentams, profesionalams, šeimoms ir vyresnio amžiaus žmonėms.

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