Purpose - We propose an economic model of housing markets. The model incorporates the macroeconomic relationships between prices, demand and supply. Since vacancy rates are not observable, the demand-supply mismatches are identified using a microeconomic model of search, matching and price...

We solve an optimal land sale problem for a mayor who sells public land and uses the land sale revenue to finance infrastructure. Over an infinite horizon the mayor chooses land sale and infrastructure in each period to maximize the market value of the city net of the spending on infrastructure....

This article discusses housing policy in developing economies. It examines recent research findings in light of earlier arguments as to the benefits of more market-oriented approaches. It also looks at whether the recommendations of earlier work have been refuted or developed in subsequent...

Obwohl die funktionale Mischung von Wohnen und Arbeiten die Schaffung von kompakten Siedlungsstrukturen verspricht, werden die Auswirkungen von arbeitsplatzwirksamen gewerblichen Entwicklungen auf den Wohnungsbedarf in der aktuellen Praxis nicht ausreichend gesteuert. In der Folge ergibt sich...

Purpose Acknowledging that housing forms a large part of households’ and country’s long-term wealth, the South African Government has implemented various housing-related policies towards that end. Among these, the government has extended transfer duty exemption to house buyers – both...

How do different monetary policy tools influence residential housing markets, and how do these effects vary between owner-occupied and rental segments? To answer this question, we assemble a new monthly regional dataset from 35 million real estate listings over the period 2007- 2023 and exploit...

Multilokal Lebende nutzen sehr unterschiedliche Behausungen an den jeweiligen Wohnsitzen. Dies korrespondiert mit der Vielzahl an Formen dieser Lebensweise, die sich quer durch alle Schichten der Bevölkerung zieht und sich vermutlich weiter ausbreiten wird. Es ist davon auszugehen, dass...

In diesem Beitrag wird die Multilokalität von Personen in Living-Apart-Together-Beziehungen und Personen, die eine nur beruflich genutzte Zweitwohnung unterhalten ("Shuttles") betrachtet. Es werden die sozialräumlichen Konsequenzen multilokaler Lebensformen untersucht und dabei...

In this paper we seek to understand the recent dynamics of the Brazilian housing market, which experienced a significant growth in recent years. In particular, we assess the effects of aggregate productivity and monetary policy shocks on housing market variables. Moreover, we also investigate...

Since the beginning of the Russian invasion of Ukraine on February 24, 2022, many people have fled the war and left their home country. By the end of January 2023, more than one million Ukrainian refugees had been registered in Germany alone. In contrast to refugees from other countries of...