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.

scholarly journals Evidence base for a housing warrant of fitness

2019 ◽  
Vol 7 ◽  
pp. 205031211984302 ◽  
Author(s):  
Lucy Telfar-Barnard ◽  
Julie Bennett ◽  
Andrew Robinson ◽  
Albert Hailes ◽  
Jenny Ombler ◽  
...  
Keyword(s):  
Hospital Admissions ◽  
Housing Stock ◽  
Evidence Base ◽  
Public Health Issue ◽  
Winter Mortality ◽  
Major Public Health Issue ◽  
Basic Minimum ◽  
Existing Housing ◽  
The Relationship

Substandard housing is a major public health issue in New Zealand. Approximately, two-thirds of the housing stock is uninsulated and many homes are inadequately heated, with an average indoor temperature of 14.5°C. Cold, damp, and mouldy housing results in poor health; each year, respiratory hospital admissions are 74% higher during winter, and excess winter mortality is 20% higher than other seasons. The relationship between injury and housing conditions is also well established. Each year, 500,000 New Zealanders suffer falls requiring medical treatment in their homes. As a step towards improving the quality of existing housing, an evidence-based warrant of fitness has been developed. This article outlines the evidence base to each criterion in the warrant of fitness. We conclude that introducing and properly enforcing a housing warrant of fitness will ensure that basic minimum standards are met, which could mitigate the disease burdens and injuries associated with, or caused, by poorer quality housing. In addition, there are potential fiscal and economic advantages of the scheme, including reduced hospitalisations and increased productivity.

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.

Housing Submarkets and Future Demographic Developments

2020 ◽  
pp. 351-365
Author(s):  
Dimitris Kyriakidis
Keyword(s):  
Housing Market ◽  
Current Literature ◽  
Housing Stock ◽  
Housing Prices ◽  
Demographic Variables ◽  
Real Economy ◽  
Social Phenomena ◽  
Housing Submarkets ◽  
Relationship Of ◽  
The Relationship

Europe is undergoing a profound demographic change. This change will affect significantly all aspects of modern economies including the demand and the prices of the housing stock. The relationship between prices of the housing market and associated demographic variables has been long established. However, in the current literature, the housing market is considered to be unitary and coherent, that is one price reflects the housing stock without taking into account the housing characteristics which in real economy are considered essential for price calculation. To this respect it must be noted that housing submarkets existence has been long established based on the current literature. However and in relation to housing submarkets, the actual goal of the studies currently exist was the definition process, the models and the techniques that should be employed in order to acquire best results. Housing submarkets are considered important in the understanding of different social phenomena. In this chapter an attempt is made to review the relationship of housing prices to demographic variables and then a review on the definition process of housing submarkets.

Growth, external markets and stock–flow norms: a Luxemburg–Godley model of accumulation

2019 ◽  
Vol 44 (2) ◽  
pp. 417-443
Author(s):  
Stephen Thompson
Keyword(s):  
Capital Accumulation ◽  
Complete System ◽  
Aggregate Demand ◽  
Financial Assets ◽  
Financial Wealth ◽  
Long Run ◽  
External Demand ◽  
The Usa ◽  
Stock Flow ◽  
The Relationship

Abstract This paper explores the idea that in capitalist economies, external markets are the driving force behind long-run economic growth. To this end, a model is developed so that the dynamics of external demand, consumer spending, capital accumulation, income distribution and capitalists’ net financial assets can be analysed together as a complete system. The model shows how, in the long run, if capitalists adjust spending to keep financial wealth at desired levels, and investment reacts to aggregate demand in a Harrodian fashion, then this can cause the rate of capital accumulation to gravitate towards the growth rate of external markets. This occurs even if external demand only accounts for a small share of total economic activity. Based on this framework, the paper argues for a reinterpretation of the relationship between profits and growth during the neoliberal period in the USA.

Housing Submarkets and Future Demographic Developments

2017 ◽  
pp. 216-229
Author(s):  
Dimitris Kyriakidis
Keyword(s):  
Housing Market ◽  
Current Literature ◽  
Housing Stock ◽  
Housing Prices ◽  
Demographic Variables ◽  
Real Economy ◽  
Social Phenomena ◽  
Housing Submarkets ◽  
Relationship Of ◽  
The Relationship

Europe is undergoing a profound demographic change. This change will affect significantly all aspects of modern economies including the demand and the prices of the housing stock. The relationship between prices of the housing market and associated demographic variables has been long established. However, in the current literature, the housing market is considered to be unitary and coherent, that is one price reflects the housing stock without taking into account the housing characteristics which in real economy are considered essential for price calculation. To this respect it must be noted that housing submarkets existence has been long established based on the current literature. However and in relation to housing submarkets, the actual goal of the studies currently exist was the definition process, the models and the techniques that should be employed in order to acquire best results. Housing submarkets are considered important in the understanding of different social phenomena. In this chapter an attempt is made to review the relationship of housing prices to demographic variables and then a review on the definition process of housing submarkets.

Sign in / Sign up

Export Citation Format

Share Document