Journal of Housing Economics最新文献

PARIS2019: The impact of rent control on the Parisian rental market 巴黎2019：租金管制对巴黎租赁市场的影响

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-09-29 DOI: 10.1016/j.jhe.2025.102101

Yoann Morin , Martin Regnaud , Marie-Laure Breuillé , Julie Le Gallo

{"title":"PARIS2019: The impact of rent control on the Parisian rental market","authors":"Yoann Morin , Martin Regnaud , Marie-Laure Breuillé , Julie Le Gallo","doi":"10.1016/j.jhe.2025.102101","DOIUrl":"10.1016/j.jhe.2025.102101","url":null,"abstract":"<div><div>We evaluate the impact of the rent control regulation implemented by the city of Paris in July 2019 on the Parisian rental market. We take advantage of the large amount of real-time data available on the SeLoger platform containing the ads published by professional realtors. Using a database of 559,300 observations from January 2018 to June 2023, we apply a difference-in-differences model, where control units are located in eight major French cities in which the rental market is particularly tense but not regulated during the analysis period. We show that the rent control policy decreased rents by 3.7% to 4.2% in Paris on average. Yet, the effect of the policy is heterogeneous depending on dwelling characteristics, with a stronger effect on small apartments. We also estimate the upper bound of the effectiveness of the policy and show that if every dwelling respected the rent control, rents would have decreased by 8.2% to 8.7%. We confirm the effectiveness of the rent control policy by extending the analysis to five additional regulated cities using a staggered difference-in-differences strategy, which reinforces the external validity of our findings. Finally, we examine whether the policy affected the supply of rental housing, proxied by the number of new listings published by agencies. We find no evidence of a decline in supply attributable to the rent control.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"70 ","pages":"Article 102101"},"PeriodicalIF":2.4,"publicationDate":"2025-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145227063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Estimating a housing Phillips curve: Evidence from Norway 估计住房菲利普斯曲线：来自挪威的证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-09-03 DOI: 10.1016/j.jhe.2025.102091

Andreas Benedictow , Erling Røed Larsen , Dag Martin Sundelius

引用次数: 0

Inclusive growth or displacement? Examining upzoning and gentrification in Lahore, Pakistan 包容性增长还是替代？考察巴基斯坦拉合尔的分区升级和中产阶级化

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-08-24 DOI: 10.1016/j.jhe.2025.102087

Syed M. Hasan , Adeel Tariq , Rabia Saeed , Abubakar Memon

{"title":"Inclusive growth or displacement? Examining upzoning and gentrification in Lahore, Pakistan","authors":"Syed M. Hasan , Adeel Tariq , Rabia Saeed , Abubakar Memon","doi":"10.1016/j.jhe.2025.102087","DOIUrl":"10.1016/j.jhe.2025.102087","url":null,"abstract":"<div><div>This paper presents the first impact evaluation of recent upzoning reforms in Lahore, Pakistan - a megacity with a population of approximately 13 million. Leveraging data from Pakistan’s largest online property platform and nationally representative labor force surveys, we provide causal evidence that the 2020 policy reform permitting vertical development led to a significant increase in property prices within upzoned areas. Specifically, we find that upzoning increased property prices by at least 8.4 percent after controlling for unobserved heterogeneity within the city and hedonic attributes of properties. We also find compelling evidence of gentrification in upzoned neighborhoods: the likelihood of residents with higher wages, being literate, and having completed higher education increases as a result of upzoning. While upzoning does not affect the probability of working, it does increase the probability of working as a professional/manager or being employed in the tertiary sector. These patterns point to a marked shift in the socioeconomic composition of upzoned areas, aligning with the broader literature on gentrification as an unintended consequence of relaxation in land-use regulations. The effects of upzoning appear to be geographically contained, with no evidence of spillovers into adjacent areas. Owing to the inelastic nature of housing supply and data constraints, the study does not evaluate the policy’s effect on housing stock expansion. Nevertheless, this study offers novel evidence from a developing country context, where empirical research on upzoning remains scarce. The findings have important implications for housing affordability policy and the design of complementary public infrastructure to support upzoning reforms.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"70 ","pages":"Article 102087"},"PeriodicalIF":2.4,"publicationDate":"2025-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144989980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Time to build: Rules-based planning and construction project duration in Dublin 建造时间：都柏林基于规则的规划和建筑项目工期

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-08-23 DOI: 10.1016/j.jhe.2025.102089

Ronan C. Lyons , Éamonn Sweeney

{"title":"Time to build: Rules-based planning and construction project duration in Dublin","authors":"Ronan C. Lyons , Éamonn Sweeney","doi":"10.1016/j.jhe.2025.102089","DOIUrl":"10.1016/j.jhe.2025.102089","url":null,"abstract":"<div><div>Housing is one of the most politically salient issues in high-income countries, with an increasing focus on the determinants and responsiveness of supply and on policy options such as upzoning and use-by-right. This paper examines the determinants of the duration between receiving planning consent and commencing construction (activation), and between commencing construction and completion of new housing units (build-out). A simple economic model, incorporating uncertainty around planning decisions as well as capital costs and payment structures, generates four propositions. These are then taken to a new and detailed database of 83,000 residential units across 5,300 proposed developments in Dublin, Ireland for the period 2018–2023, with rich information on project, site and firm characteristics. The setting includes a baseline discretionary planning system and two more rules-based planning codes for certain projects. We find empirical support for all four propositions from theory, including clear evidence that, where systems of land use regulation are more certain, activation times are shorter. These findings have considerable relevance for policies that seek to increase housing supply.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"70 ","pages":"Article 102089"},"PeriodicalIF":2.4,"publicationDate":"2025-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145106346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Upzoning and redevelopment: The details matter 升级和重建：细节很重要

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-08-19 DOI: 10.1016/j.jhe.2025.102078

Jens von Bergmann , Thomas Davidoff , Nathan Lauster , Tsur Somerville

{"title":"Upzoning and redevelopment: The details matter","authors":"Jens von Bergmann , Thomas Davidoff , Nathan Lauster , Tsur Somerville","doi":"10.1016/j.jhe.2025.102078","DOIUrl":"10.1016/j.jhe.2025.102078","url":null,"abstract":"<div><div>Facing worsening housing affordability, policymakers in a growing number of jurisdictions have heeded economists’ calls for increases in supply through relaxing land use restrictions, particularly on maximum allowed density and increases in the number of units allowed on a single lot. While floor space or floor area ratios (FSR or FAR) and unit count per lot are indicators of the potential for density, local governments have many levers to control the volume, type, and pace of new construction. In this paper, we compare changes in land prices and the pace of redevelopment following two similar, moderate density upzonings (up to four units per lot) of single family neighborhoods in the province of British Columbia (Canada). The upzoning in the City of Kelowna resulted in considerable new construction of higher density residential units as well as a significant increase in lot prices in the upzoned area relative to nearby areas with status quo zoning. In contrast, though the changes in allowed density were nearly identical, in Coquitlam there has been minimal uptake of new multiplex options and no discernible land lift in response to upzoning. We highlight the importance of other regulatory levers that are easy for analysts to miss in contributing to these different outcomes. The Kelowna upzoning was matched with an expedited development permit process for as-of-right fourplexes. In contrast, the Coquitlam rezoning did not alter the city’s lengthy development permit process required to build beyond the baseline duplex. Kelowna’s upzoning also required less parking than Coquitlam’s. An assessment of the regulatory environment relying on the presence of the upzoning alone would miss the alteration to process (or absence thereof) that appear to have had a significant effect across the two municipalities in whether zoning changes led to actual new construction.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"69 ","pages":"Article 102078"},"PeriodicalIF":2.4,"publicationDate":"2025-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144907097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Navigating shifting tides: Time-varying monetary policy spillovers in core-peripheral housing markets in the Euro area 驾驭变化的潮流：欧元区核心和外围住房市场的时变货币政策溢出效应

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-08-18 DOI: 10.1016/j.jhe.2025.102090

Shu-hen Chiang , Sandy Suardi , Chien-Fu Chen

引用次数: 0

Transactions tax change during the pandemic: A study of the UK housing market 大流行期间的交易税变化：对英国住房市场的研究

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-08-12 DOI: 10.1016/j.jhe.2025.102088

Qiulin Ke , Bing Zhu , Michael White , Bin Chi

引用次数: 0

Relisting, agent switching, and sale outcomes in the housing market 房屋市场的重新上市、代理转换和销售结果

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-07-29 DOI: 10.1016/j.jhe.2025.102086

Darren K. Hayunga , William Swymer

引用次数: 0

The amplifying effect of spatial planning restrictions on house prices and rents 空间规划限制对房价和租金的放大效应

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-07-29 DOI: 10.1016/j.jhe.2025.102085

Simon Büchler , Vera Götze , Lukas Hauck , Nicola Stalder

引用次数: 0

Nominal loss aversion and equity constraints in house price determination: Empirical evidence in the absence of down-payment constraints 名义损失厌恶和股权约束在房价决定中的作用：缺乏首付约束的经验证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2025-07-23 DOI: 10.1016/j.jhe.2025.102084

Joep Steegmans , Wolter Hassink

引用次数: 0