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Housing Market Regulation Has Contributed to the Worldwide Triumph of Home Ownership

Author

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  • Konstantin A. Kholodilin
  • Sebastian Kohl

Abstract

The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction, and housing space management have been widespread in most of the countries studied—particularly in continental Europe—in the past 100 years. At the same time, the rate of home ownership in those countries has steadily risen in the long term. The present analysis shows that in the past century, the triumph of home ownership has not only been the result of relevant incentive measures and financial market liberalization. Indirectly, it is also due to rent control.

Suggested Citation

  • Konstantin A. Kholodilin & Sebastian Kohl, 2019. "Housing Market Regulation Has Contributed to the Worldwide Triumph of Home Ownership," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 9(38), pages 345-352.
  • Handle: RePEc:diw:diwdwr:dwr9-38-2
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.678649.de/dwr-19-38-2.pdf
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    More about this item

    Keywords

    tenancy regulation; homeownership; crowding-out;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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