WNR: Kansen voor de opschaling van Woonlasten-Neutraal Renoveren in Nederland

Een groot bestand van gebouwen in Nederland is in eigendom van Verenigingen van Eigenaren (VvE’s) en is toe aan renovatie en energetische verduurzaming. Het aantal grondige renovaties van dergelijke gebouwen is in de praktijk nog laag, mede door een trage ontwikkeling van het Nederlands renovatiebeleid, een gebrek aan motivatie van bewoners om...

Homeownership out of reach? Intergenerational transfers and homeownership reproduction in middle class families in Rome, Italy

Access to homeownership for young adults is becoming more and more difficult. Italy – where homeownership rates for young adults are steadily decreasing – is a case in point. In the recent past, becoming homeowner was an obvious housing pathway for Italian young adults, even from lower-middle class families. If your parents were homeowner,...

Understanding the effects of homeownership and regional unemployment levels on internal migration during the economic crisis in Spain

This paper seeks to understand better the effects of homeownership and regional unemployment levels on inter-provincial migration during the recent economic crisis in Spain. It uses rich individual-level microdata from the last two Spanish censuses (2001–2011) to study migration. The findings suggest that regional unemployment levels do not...

Homeowner Effect and Strategic Interaction in Local Property Taxation

This paper investigates whether and how strongly the share of households owning their homes in a community affects residential property taxation by local governments. Homeowners bear full property tax burdens irrespective of local market conditions, and the tax is more salient to them. “Home owner communities” may hence oppose high property...

Individual Payoffs and the Effect of Homeownership on Social Capital Investment

Are all social capital investments equal in the eyes of homeowners and renters? Presumably, social capital investments that lead to increases in home values provide stronger incentives for homeowners than renters. In contrast, for so- cial capital investments that do not directly impact home values, one would not expect homeowners and renters to...

Do homeowners save more?: Evidence from the Panel o Household Finances (PHF)

In this paper we analyse the impact of property ownership on the saving behaviour of households. We are particularly interested in investigating whether homeowners save more than renters or not. A related question is whether mortgage payments and other regular savings are substitutes or complements for German households. To answer these...

Understanding the Effects of Homeownership and Regional Unemployment Levels on Migration during the Economic Crisis in Spain

The Spanish labour market is characterised by high levels of unemployment, which have increased during the global economic crisis. Spain is also a country which is characterised by a very high percentage of homeownership, with more than 83% of households being owner-occupiers. Both regional levels of unemployment and homeownership are known to...

High dwelling vacancy rate and high prices of housing in Malta: A mediterranean phenomenon

Current data from South European countries, especially Malta, indicates the existence of some contradictory forces in the housing market that defy the law of supply and demand and require explanation. In a ‘normal’ housing market, it can be expected that a high dwelling vacancy rate would help keep down the price of housing. In Malta, however,...

Exploring 'Housing asset-based welfare': Can the UK be held up as an example for Europe?

Risk mitigation on housing and mortgage markets across Europe; a tale of contrast and hope (draft version)

Homeownership rates have risen all over Europe during the last decades The result of a symbiosis between changing preferences of individual households and a government that - for divers’ political and economical reasons - promoted self-reliance on housing which in many cases matured in promoting homeownership. This paper comprises an extensive...

On the rationality of borrowers' behaviour: Comparing risk-attitudes of homeowners

Though time and depth of cycles differed from one European country to another, mortgage markets have grown in size, expanded in product variation and improved borrowers' accessibility to mortgage credit. However, this expanding range of mortgage opportunities significantly increases the search and information costs for a borrower, making it...

On the rationality of borrowers’ behaviour: Comparing risk attitudes of homeowners

Single-family detached Housing: A branch of paradise or a problem? Part II. Single-family detached housing – two Danish case studies (draft version)

Workshop 1. Session B. Abstract. This paper is an essay on the development and position of single-family housing on the Danish housing market. Homeownership in the form of single-family suburban housing has generally been in high demand at the same time as it has been a source of worry and discussion. The paper outlines the background for single...

Place-based and race-based exclusion from mortgage loans: New evidence from the Netherlands

Workshop 1. Session A. Abstract. In most West-European countries outright ownership is the exception and most households are highly dependent on mortgage loans to be able to become and to sustain homeownership. Do place and race matter in mortgage loan applications? This paper presents evidence from mortgage markets in the Dutch cities of Arnhem...

Is the Belgian housing model crumbling?

Workshop 1. Session A. Abstract. The OSIS research project focussed -among other issues- on the strategies of households to secure home ownership. This is an intriguing research question for Belgian scholars, since (1) Belgian governments already since the end of the 19th century continuously promoted home ownership, (2) home ownership became ...