Measuring and explaining house price developments

This study discusses ways of measuring and explaining the development of house prices. The goal of the research underpinning this dissertation was to develop a methodological framework for studying these developments. This framework relates, first, to correcting for changes in the composition of dwellings and, second, to the fundamentals of the...

Governance of relocation; an examination of residential relocation processes in the housing market renewal Pathfinder areas in England

This paper examines governance processes shaping outcomes of neighbourhood restructuring induced residential relocation (RR) in the Housing Market Renewal (HMR) areas in England. In 2002, the Housing Market Renewal proposed demolition of 100,000 properties to renew the failing housing markets of Northern England and the Midlands (Leather et al...

Upgrade or replace?: The effect of the EPBD on the choice between improvement or replacement

What is better: improvement or replacement by new construction? The choice between life cycle extension and replacement of existing buildings is at itself a vital but very difficult decision, involving a wide range of different aspects and affecting several contrary and often conflicting interests. The emerging ecological awareness of the...

House Price, House Quality and Economic Growth

The literature on housing markets suggest that periods of economic growth are characterised by a demand for better housing quality and increasing prices. The basic principles of the theory are that the short-run price fluctuations occur due to market imperfection, while over the long term, causality with such fundamentals as income will recover....

Equilibrium between interest payments and income in the housing market

The literature on housing markets suggests that house prices in almost all western economies can be explained by short-run demand-oriented variables and a long- run term. The basic principles of the theory are that the short-run fluctuations, which are based on recent price developments (shocks), occur due to market imperfection, while over the...

The meaning of competition between social and market rented housing

When policy makers claim that rented housing has to become more competitive, there is no consensus on what competition in this context actually means. The same holds true for scientific housing research: Theories that have utilized the economic concept of competition tend to rely on implicit definitions or focus on selected aspects. In...

The credit crunch: Impacts on the housing market and policy responses in the Netherlands

This contribution deals with the impact of the credit crunch on the Dutch housing market and the policy responses of the Dutch government so far. Reinhart and Rogoff have presented an overview of credit crises after WW II: what are the general characteristics and impacts? Also in the Netherlands, banking problems were imported from the US. The...

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...

Geographic and dynamic heterogeneity of home ownership

Workshop 2.Session B. Abstract. Determination of the demand for home ownership is analysed. Determinants include prices and short- and medium-term price changes, public regulation (regulation of house rent, housing subsidies, taxation), competition from alternative residence forms (measured by supply of subsidized housing), social composition of...

Urban housing patterns in a tide of change: Spatial structure and residential property values in Budapest in a comparative perspective

Comparing spatial features of urban housing markets: Recent evidence of submarket formation in metropolitan Helsinki and Amsterdam

Comparing spatial features of urban housing markets: Recent evidence of submarket formation in metropolitan Helsinki and Amsterdam II

The Changing Effect of Home Ownership on Residential Mobility in the Netherlands, 1980-98

In most western countries, homeowners are much less likely to change residence than renters are. In the last few decades, the rise in home ownership in the Netherlands has been spectacular. This would imply that the population has become less mobile, which has consequences for the functioning of the housing market – at least, if the relationship...