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Housing Policy For Utilization Of Existing Housing

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  • Keiko Nosse Hirono

Abstract

Existing housing is not fully utilized in Japan. We explore the problems that discourage the utilization of the existing housing. We present policy plans to solve these problems, and to activate the existing housing market. Our plans include using a hedonic price function to determine appropriate methods for valuing existing housing, introduction of latent defects insurance for existing houses for sale, encouraging the use of fixed-term housing leases and an providing an intermediary service between the elderly and next users of their houses. Our plan will accelerate the utilization of existing housing and ease the process for the elderly of selling or leasing existing vacant housing.

Suggested Citation

  • Keiko Nosse Hirono, 2010. "Housing Policy For Utilization Of Existing Housing," Pacific Economic Review, Wiley Blackwell, vol. 15(5), pages 697-707, December.
    • Handle: RePEc:bla:pacecr:v:15:y:2010:i:5:p:697-707
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    File URL: http://hdl.handle.net/10.1111/j.1468-0106.2010.00525.x
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    References listed on IDEAS

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    1. Linneman, Peter, 1986. "An empirical test of the efficiency of the housing market," Journal of Urban Economics, Elsevier, vol. 20(2), pages 140-154, September.
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    Cited by:

    1. Yuan Cheng & John K. Dagsvik & Xuehui Han, 2014. "Real Estate Market Policy and Household Demand for Housing," Pacific Economic Review, Wiley Blackwell, vol. 19(2), pages 237-253, May.

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