Spatial interrelations of Chinese housing markets

This paper comprehensively tests the spatial interrelationships of 10 housing markets in the Pan-Pearl River Delta (Pan-PRD) in China, including the properties of spatial causality, convergence and diffusion p

Interurban house price gradient

This paper applies a general spatial equilibrium model to investigate the effect that distance within urban hierarchy can have on interurban house prices. Our spatial model predicts a negative price gradient towards higher-tier cities, which can be decomposed into a ’productivity component’ and an ’amenity component’, representing respectively the effect of wage differences and households’ valuation of access to higher-order services. The theoretical findings are tested on data for the hierarchical urban system of the Pan-Yangtze River Delta in China. Both central and subcentral cities are shown to impose statistically significant distance penalties on interurban house prices, even after we control for amenities and characteristics that are generally considered to be the determinants of house prices. According to the empirical decomposition, the negative house price gradients are largely accounted for by the productivity component

Rented Sector Trends in Dutch Housing Policy and the Shifting Position of the Social Trends in Dutch Housing Policy and the Shifting Position of the Social Rented Sector

Summary. The housing system of the Netherlands has acquired an international reputation because of its special nature and the way it has evolved. In this contribution, we explain how the Dutch social rented sector came to have this speci c character. We establish that the position of the social rented sector is strongly in uenced by developments in society at large. In particular, its speci c position may be explained with reference to the emergence and transformation of the Dutch welfare state. In the Netherlands, the development of the social rented sector coincided with the vigorous build-up of the welfare state. That sector continued to grow in the Netherlands for a longer period than in most other west European countries. Ultimately, the share of the Dutch social rented sector reached its highest point-41 per cent of the stock-at the beginning of the 1990s. The current position of the social rented sector in the Netherlands is determined not only by the structure of the Dutch welfare state and the country's distinct housing policy. It is also the result of the shifting balance of supply and demand in the national housing market. Compared with other countries, the particular historical development of the Dutch social rented sector makes the adjustment of the housing system to a more market-orientated policy-in which more attention is devoted to the freedom of choice of the housing consumer-an unprecedented activity to say the least. This process will require the present housing associations to show a large measure of creativity and exibility