Using overlapping generation model, we find that population ageing does restrain housing demand. Then, we use the panel data of China’s 31 provinces between 2002 and 2013 to confirm that ageing restrains housing demand, the process of urbanization does the opposite and maybe offsets the negative effect to some extent. At present, China should continue to focus on developing urbanization rapidly...

We present a structural model of urban growth in a spatial equilibrium setting to aid the separation of the effects of demand shocks from those of the spatial variation in housing supply elasticity. The model is applied to an analysis of urban growth across Chines cities between 1998 and 2004, to evaluate the determinants of housing supply elasticity. The variation in supply, via urban expansio...

we have studied the relation between bank deposit rates and house prices in iran. for that, we have run some var models, using the following variables: real deposit rates (including 1 and 5 years deposit rates), money supply (including the high powered money and the liquidity), gdp, housing services index, and number of licenses for new houses. our results show that a reduction in the deposit r...

Mortgage markets are coming of age in a number of Eastern Europe and CIS countries. As they do, governments are looking to mortgage-loan associated subsidy schemes to respond to the popular demand for improved housing. This paper presents a detailed examination of the impact of two types of subsidy schemes—mortgage interest rate write-downs, both universal and income-targeted, and income-target...

This paper contributes to the growing literature that identifies and measures the impact of social context on individual economic behavior. We develop a model of housing demand with neighborhood effects and neighborhood choice. Modelling neighborhood choice is of fundamental importance in estimating and understanding endogenous and exogenous neighborhood effects. That is, to obtain unbiased est...

Numerous empirical studies have examined the effect of growth controls on housing prices.’ These studies have used many different techniques ranging from hedonic price model estimation to paired comparisons but have all come to the same conclusion: growth controls raise the price of housing. In theory, there are both demand and supply side explanations (which need not be mutually exclusive) for...

We examine the influences of urban redevelopment costs and land-use allocation efficiency and equity on the elasticity of housing development density with respect to urban demand shocks in the context of China’s urban growth from 1998 to 2004. We do so in an inter-city spatial equilibrium framework, where demand shocks are capitalized in urban land rent growth, which influences urban population...