House prices and long-term equilibrium in the regulated market of the Netherlands

Tu, Qi; Haan, J. de; Boelhouwer, Peter

doi:10.1080/02673037.2017.1346786

Cited by 15 publications

(14 citation statements)

References 66 publications

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“…Apart from homeownership, the general housing market that is supported by an effective rental market (in terms of its size and affordability) has often shown more stability and responsiveness to shocks and stressors ( Byrne & Norris, 2018 ; Czerniak & Rubaszek, 2018 ; Tu, de Haan, & Boelhouwer, 2018 ). Stable rental market supports the overall housing market by providing an intermediate option of housing to the demand actors.…”

Section: Resultsmentioning

confidence: 99%

Housing market bubbles and urban resilience: Applying systems theory

Ayub

Naderpajouh

Boukamp

et al. 2020

Cities

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In this paper, we aim to connect the academic discourses of housing market and urban resilience. For this purpose, we discussed the housing market and its performance within the broader housing system, with a specific attention to the transient state of the housing market bubble. Through a systematic literature review, the housing system is framed based on the involved actors and their interactions. This systems theory based view is then used to provide a broader definition of the variations in the market performance within the urban resilience literature. In this sense, the theoretical underpinning of the literature of resilience within the systems and the observed variations in the housing market performance is discussed in view of shocks and stressors to the system, as well as equilibria and responses to disturbances. The aim is to provide a foundation for an alternative theoretical framework that focuses on interactions within the market and can be used to understand the impact of the housing market's financial drivers on urban resilience.

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Section: Resultsmentioning

confidence: 99%

Housing market bubbles and urban resilience: Applying systems theory

Ayub

Naderpajouh

Boukamp

et al. 2020

Cities

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“…Table 1 contains some of the works that deal with the analysis of housing in the international sphere. The use of housing prices (and land), as can be seen, has been previously studied by the literature (Tu et al, 2018). Likewise, housing in China and its regions or cities has received significant attention, as opposed to other environments.…”

Section: Review Of Literature and The Legislative Environment And The Variables Usedmentioning

confidence: 99%

Analysis of the effects of (de)regulation on housing prices in Spain 1977–2019

Jorge-Huertas

Moreno

2020

JES

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PurposeThis paper analyzes the regulatory effects on homeownership and rental prices in Spain in the years between 1977m1 and 2019m5, taking into account the economic crisis. It also studies the causal relationship of the prices of private housing (owned and rented).Design/methodology/approachInterrupted time series analysis has been used to analyze the legislative impact on the construction sector. Also, the Box–Cox transformation has been used to carry out the above analysis. Finally, Granger's test has made possible to determine the causal relationship between the price series.FindingsThe results obtained in this work show the partial positive effects of legislative instrumentalization, which in general result in decreasing trends of prices in both types of housing use. Likewise, the causal relationship between the prices of owned and rented housing shows that the latter do not provide any incentive with respect to the former.Social implicationsThe social implications in this work could be important since this paper analyzes the effects of (de)regulation on housing prices in Spain, and the policy implications could help to control the speculation in housing.Originality/valueThe results obtained in this work could be relevant, both from the point of view of future housing policies and of the agents involved and that of society in general. In addition, this work could contribute to fill the existing gap in this field in Spain, given the scarce literature that raises the objective, using quantitative methodologies.

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“…In the owner-occupied market, easily accessible mortgage credit, generous mortgage tax deductibility and loan guarantees led to a strong push towards homeownership since the 1980s. However, the implementation of stricter lending conditions together with strong house price inflation in the past five years, particularly in urban centres, have made homeownership less accessible for a growing number of households (Hochstenbach, 2017;Tu et al, 2018). Table 2 reveals the gradual decline of younger buyers vis-a-vis the older generation in the pre-to post-crisis period.…”

Section: Housing and Labour Market Change In The Netherlandsmentioning

confidence: 99%

Housing market dualization: linking insider–outsider divides in employment and housing outcomes

Arundel

Lennartz

2019

Housing Studies

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Past decades of economic growth, relatively widespread employment security and expanding mortgage markets promoted growing homeownership. Recent years have witnessed this growth undercut across advanced economies, evidenced by a rise in other tenures and increasing housing precarity. Studies have shown that these housing outcomes follow more fundamental changes in labour markets. By adapting the established concept of labour market dualization to housing, this paper examines how employment and housing positions are intertwined under late capitalism, and how their relationship has changed through the Global Financial Crisis. Examining the salient case of the Netherlands through household-level data from the LISS panel, we demonstrate that being a labour market 'outsider' vastly increases the likelihood of being an 'outsider' across housing market dimensions, in terms of housing equity, affordability and prospective asset accumulation. Comparing housing and labour dualization over 2008 and 2016, we further show that the share of multiply disadvantaged households has grown substantially, both among labour market insiders and outsiders.

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House prices and long-term equilibrium in the regulated market of the Netherlands

Cited by 15 publications

References 66 publications

Housing market bubbles and urban resilience: Applying systems theory

Housing market bubbles and urban resilience: Applying systems theory

Analysis of the effects of (de)regulation on housing prices in Spain 1977–2019

Housing market dualization: linking insider–outsider divides in employment and housing outcomes

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