Read e-book online European Metropolitan Housing Markets PDF

By Ake E. Andersson, Lars Pettersson, Ulf Strömquist

This e-book presents a accomplished research of housing idea and coverage with a spotlight on metropolitan areas. the consequences are in accordance with case reviews of twelve eu metropolitan areas, together with professional panels prepared in every one. utilizing an technique from the sector of business economics, the research is split into the 3 comparable levels "structure", "conduct" and "performance." the fundamental suggestion is that the constitution of a industry, outlined by way of marketplace stipulations, marketplace development, types of pageant and regulate, impacts the industrial habit of either businesses and families. the consequences of this habit should be saw within the improvement of costs; exchanged, developed and maintained housing amounts; situation styles and selection of house. The contributions of this quantity display major modifications in housing guidelines among ecu international locations, whereas even as exhibiting that coverage results are good in keeping with expectancies in accordance with conventional housing conception.

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The distance gradients of rents are substantially smaller in regions with strict forms of rent control compared to regions where the rent control is more oriented toward market incentives. 6. Prices of housing units differ considerably with peaks in the regions having experienced rapid economic growth. 7 Conclusions The population growth varies significantly between the metropolitan regions. Fast growth regions are Oslo, Helsinki and Stockholm during the 1990s. In these regions the population growth was around 10 per cent between the years 1990 and 1999.

Has the average quality-adjusted price of single-family houses continuously increased since 1991 unlike the other developed countries? The answer is no. Indeed, observe Fig. 5. average (non-adjusted) 160 quality-adjusted (UGEB) 140 120 100 80 60 1974 76 78 80 82 84 86 88 90 92 94 96 98 2000 Fig. 5. Single-family house prices in BCR 1974–2001, real, 1974 = 100 (Sources: NIS and UGEB, mutual agreements index and own calculations; CPI: NBB 2002) It plots the index established each year by the union of ‘geometers-experts’ of Brussels (UGEB) (we have corrected this index for consumer price inflation).

In 1998, the average size of a new flat in BCR (respectively in Flanders and in Wallonia) was equal to 73 square metres (respectively 83 and 68 sqm). The observed increasing gap between average values of properties sold – the dashed line in Fig. 6 – and the quality-adjusted price is thus not surprising. quality-adjusted (UGEB) average (non-adjusted) 100 90 80 70 60 50 78 80 82 84 86 88 90 92 94 96 98 2000 Fig. 6. Real prices of flats in BCR 1978–2001, 1978 = 100 (Source: Own calculations on data from NIS and UGEB, mutual agreements index, CPI from NBB 2002) Suburbs: As far as we know, there is no index similar to the UGEB coefficient for FB + WB that would allow us to analyse the evolution of quality-adjusted property values.

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