This paper aims to empirically review the process of housing financialisation in London, exploring a time series causal relationship between house prices and financial instruments, using the Granger method and a VAR test. In order to carry out this a...
This study aims to examine the relationship between the level of walkability and housing prices in Seoul, Korea. The average transaction price per square meter for each apartment complex was set as a dependent variable and the walkability score was u...
This study analyzes the relationship between housing prices and bank performance in Korea. To this end, using lending growth, return on assets, and non-performing loans as a performance measure, we estimate fixed-effects models for each measure. Majo...
While construction costs and housing prices are implicitly examined in the construction economics literature, dedicated studies on their theoretical underpinning are rare. In this study, we investigated the application of different pricing theories i...
Currently, China’s aging population, high savings rate and high housing asset prices coexist, which has become a hot issue in academic research. First, considering the life-cycle hypothesis and overlapping generations model, asset prices are ne...
This study analyzes the time-varying effect of interest rates on housing prices. As housing prices are too high for most consumers to afford with income alone, they use bank loans. Consequently, when interest rates fall, the demand for housing increa...
30 May 2020
Objective: Since January 2010, the U.S. has experienced economic recovery, including a 39% increase in home prices nationally. While higher home prices represent a wealth increase for some homeowners, it may decrease real purchasing power for others....
Understanding how public service accessibility is related to housing prices is crucial to housing equity, yet the heterogeneous capitalisation effect remains unknown. This study aims to investigate the spatial effect of public service accessibility o...
In the paper, we analyzed the impact of aircraft noise on housing prices. We used a dataset containing geo-coded transactions for 1328 apartments and 438 single-family houses in the years 2010 to 2015 in Poznan. In this research, the hedonic method w...
This paper empirically examines the influence of financial factors on housing prices in Chile, given the relevance that arises from the important housing crisis that the country is going through and the scarce amount of literature on causal relations...
China has been undergoing urban regeneration and reconstruction over the past few decades. To improve the housing conditions of the poor and better achieve the goal of new urbanization, the Chinese government launched top-down shantytown redevelopmen...
2 June 2018
Based on cross-section data of 20 districts in Chengdu, this article reviews the relationships between haze and housing prices with the combined application of Spatial Error Model (SEM) and Spatial Lag Model (SLM). The results illustrate that haze si...
This study investigated whether and to what extent does the High-Speed Railway (HSR) affect city-level housing prices. With the data of HSR operation and housing prices from 285 cities from 2009 to 2017, the paper aimed to estimate the quantitative r...
20 November 2021
In this paper we examine the effects of localized air pollution measurements on the housing prices in Oakland, CA. With high-resolution air pollution measurements for NO, NO2, and BC, we can assess the ambient air quality on a parcel-by-parcel basis...
Ensuring equal opportunity of quality basic education is critical for a sustainable society, but access to high-quality public education is limited by the place of residence and income level of the household, especially under rigid geographic school...
Understanding the determinants of housing price movements is an ongoing subject of debate. Estimating these determinants becomes a valuable tool for predicting price trends and mitigating the risks of market volatility. This article presents a system...
This study examines the impact of housing price increases on income inequality using the dynamic system GMM for OECD countries (2010–2021). We test the hypothesis that housing price appreciation affects income distribution differently based on...
Housing prices in China have been rising rapidly in recent years, which is a cause for concern for China’s housing market. Does bank credit influence housing prices? If so, how? Will the housing prices affect the bank credit system if the marke...
Urban rail transit facilities play a critical role in citizen’s social activities (e.g., residence, work and education). Using panel data on housing prices and urban rail transit facilities for 35 Chinese cities for 2002 to 2013, this study construct...
Enhancing regional innovation capacity has become a realistic need to promote high-quality economic development. At present, there is no consensus on how housing prices affect regional innovation capacity. Papers in the existing literature frequently...
Understanding the spatial pattern of urban house prices and its association with the built environment is of great significance to housing policymaking and urban planning. However, many studies on the influencing factors of urban housing prices condu...
The New Zealand housing sector is experiencing rapid growth that has a significant impact on society, the economy, and the environment. In line with the growth, the housing market for both residential and business purposes has been booming, as have h...
Most existing studies empirically investigated the impact of rail transit on housing prices using the traditional hedonic price model, which is based on ordinary least squares (OLS). This method can estimate only the average implicit prices of housin...
Launched in 1998, the market-oriented reform of urban housing has given urban housing the dual attributes of residence and investment, and led to the rapid growth of housing prices as well as the intensification of its spatial differentiation within...
Although some attempts have been made to elucidate the relationship between law-based governance and housing prices, the existing literature still provides limited knowledge about the mediating mechanisms through which law-based governance correlates...
While it is well-known that housing prices generally increased in the United States (U.S.) during the COVID-19 pandemic crisis, to the best of our knowledge, there has been no research conducted to understand the spatial patterns and heterogeneity of...
Urban parks are important for improving the quality of living environments. Although the impact of parks on housing prices has been well documented, the effects of the COVID-19 pandemic remain vague. This paper analyzes the housing prices of neighbor...
The public transit system is often developed in tandem with urban growth, bringing improved accessibility and raising housing prices around stations. The impact of public transport accessibility on housing prices demand in-depth empirical studies to...
Based on the price data of 19,211 second-hand houses based in the Fuyang District and West Lake District from the years of 2014, 2015, and 2019, along with the characteristic data of second-hand houses, this paper studies the influence of the city-co...
A good living environment is the foundation of sustainable housing. Exploring the external influence of environmental factors on housing prices is one of the key issues in the field of real estate research; however, the current study of the urban wat...
New economic development trends have brought challenges and transformation directions to China’s urban planning process, in which the relationship between supply and demand of urban housing needs urgent optimisation. Using data on multiple type...
Owing to China’s rapid urbanization and internal migration, public services are unevenly distributed in cities, affecting urban housing prices. This study examines the dynamic effect of China’s public service levels on urban housing prices. We used t...
In this research, the socio-economic determinants of housing market values have been examined, highlighting their respective contributions to the formation of the property prices and, in particular, verifying the property tax liability. The property...
This study aims to investigate the spatial and temporal dynamics of housing prices associated with the urban infrastructure in Wuhan, China. The relationship between urban infrastructure and housing prices during rapid urbanization has drawn popular...
This study empirically delves into whether residential heating methods significantly affect apartment prices in Uiwang City, a suburban city near the Seoul Metropolitan area, South Korea. Using data from 1256 apartment sales, where both district heat...
Housing prices are a topic of significant social concern, and public services are a crucial factor influencing migrants’ return intentions. Based on the China Labour Force Dynamics Survey and China Real Estate Index database from 2012 to 2018,...
The ripple effect of housing price movements between cities has been extensively investigated, but there are relatively few studies on this topic within a metropolitan context, especially at the submarket level. This paper describes the use of ripple...
The main part of the study will be to demonstrate that models taking into account spatial heterogeneity (Geographically Weighted Regression and Mixed Geographically Weighted Regression) which reproduce housing market determinants better reflect marke...
This study examines the demographic and macroeconomic factors influencing housing prices in London from Q3 2014 to Q4 2022, focusing on the pre- and post-Brexit referendum periods. Using multiple regression analysis, the research evaluates the impact...
Bangkok is the largest city in Thailand and the second largest city in Southeast Asia. Due to the rapid urbanization and upgrading of economic structures, the real estate market in Bangkok is not only constrained by domestic factors but also fluctuat...
With increasingly high housing prices, the urban housing problem has changed from an economic issue to a livelihood issue in China. Taking 32 major cities in China as an example, this paper employed data from 2007 to 2016 to build a panel data model...
Household energy constitutes an important share of affordable housing. Unaffordable housing and inadequate household energy represent a new dimension of poverty. Connections between energy, housing affordability and well-being are still under-researc...
It is widely accepted that houses in better-designed neighborhoods are found to enjoy a price premium. Prior studies have mainly examined the impact of macro-level neighborhood attributes (e.g., park accessibility using land use data) on housing pric...
The South Korean residential real estate market is influenced by both the traditional dynamics of demand and supply and external factors such as housing policies and macroeconomic conditions. Considering the proportion of housing assets in individual...
As climate policy and energy costs increasingly influence housing markets, understanding how energy efficiency is capitalized into home prices has become a critical question for both researchers and policymakers. While prior studies confirm the exist...
In the literature, several vulnerability/resilience indicators and indexes are based and assessed by taking into account and combining different dimensions. Housing vulnerability is one of these dimensions and is strictly related to the buildings&rsq...
The rapid development of the high-speed rail (HSR) network enhanced the regional accessibility between cities, drove the rise in cities’ investment levels, and expanded the activity radius of the labor force, causing changes in housing prices a...
Providing adequate public rental housing (PRH) of a decent quality at a desirable location is a major challenge in many cities. Often, a prominent opponent of PRH development is its host community, driven by a belief that PRH depreciates nearby prope...
With the rise of urban agglomerations, regional divergence of China’s real estate market has gradually intensified. City-specialized policies have become the main emphasis for promoting the healthy development of the regional real estate market...
This study empirically analyzes the social benefits of opening a highway by assessing the increase in housing prices in two surrounding regions: one defined as the treatment group and the other defined as the control group. Although the two regions a...
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